About the Fund
A new DTI sponsored Small Business Service initiative to make venture capital funding available to small and medium sized businesses ("SMEs") across the English regions was launched in 2002. Nine Regional Venture Capital Funds ("RVCFs") were established to provide "equity gap" capital to suitable SMEs located in the regions, to address the difficulty in attracting equity funding at levels below £500,000 from purely commercial sources.
YFM Venture Finance has been appointed as the fully discretionary fund manager of the Yorkshire and Humber Equity Fund (YHEF). YFM Venture Finance is responsible for assessing, making and monitoring investments of between £100,000 and £250,000. A further £250,000 may be invested into businesses as second round funding to take the total amount invested to £500,000. The £25 million equity fund will be invested over 6 years (from Autumn 2002) into businesses from start-ups to management buy outs/ins across a wide range of sectors.
YHEF monies will be invested on a minority equity stake basis. We will look for a commercial return commensurate with the investment risk. Our team at YFM Venture Finance want to help you and your management team to build your business further. Whilst we reserve the right to appoint a non-executive director to your board we want to add value not to interfere or take control.
For information on other funds managed by YFM Venture Finance please click here or, for information on the full product range offered by YFM Group please click here.