Finance Yorkshire

www.finance-yorkshire.com

Finance YorkshireBackground

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• Commercial fund providing funding to SMEs based in Yorkshire and the Humber

• Builds on the previous SYIF and PIF Funds• Can also support inward investors to the region• £90m to invest over the next 4 years • Funding is available for viable situations where there is a gap in

the projects funding requirement• Does not compete with the funds available from the

commercial marketplace

Finance Yorkshire

£90m investment capital£

30m European Regional Development Fund

£15m Yorkshire Forward – Capital

£45m European Investment Bank

£10m Yorkshire Forward – Revenue

www.finance-yorkshire.com

Finance YorkshireThe approach

Working alongside the commercial market;

• Maintaining and developing relationships with financial intermediaries to promote awareness and dealflow

• Market making effect, making deals happen by spreading the risk with other investors and lenders

• Co-investing with other funds

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Finance Yorkshire Applications and Investments

• 483 progressed to application stage

• 130 investments totalling £12.5 million

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Finance Yorkshire Three portfolios

• Seedcorn Finance (up to £780k) £15m

• Business Loans (£15k – 150k) £27m

• Equity Linked Finance (£100k - £2m) £48m

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Finance YorkshireSustainability and legacy

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• Legacy fund to be invested in region’s businesses in line with original objectives

• To be utilised after 2019

• Eventually aggregated with PIF and SYIF legacies

Finance Yorkshire Customers

• SME’s paying business rates in Yorkshire and the Humber or relocating to the region

• A new start or growing business

• A business with growth potential

• A business unable to source its full funding requirement from the commercial market

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Seedcorn Finance

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Seedcorn Finance Investment type

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• Starting low £15-£100k sometimes

• Investments up to £780k

• Investments of £2m+ when syndicating with other funds

• Fast (4 yr fund)

– Self sustainable companies in 2-3 yrs

– Exit in 3-5 yrs

Seedcorn Finance Target investments

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• Pre-revenue or early-revenue

• “Huge” market opportunity

• Competitor barriers at exit

– Patents, Data lock-in, Approvals etc.

• Management open to “change and growth”

Business Loans

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Business Loans Products

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• Fixed rate loans between £15,000 - £150,000

• Terms up to 5 years

• Interest rate rebates available

• Financial packaging with other forms of debt finance including the Enterprise Finance Guarantee

Business Loans Types of deals

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Financial Gaps

• Working Capital

• Innovation Project with rapid growth

• Asset Based Lending (property and fixed assets)

• Import and Export

Equity Linked Finance

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Equity Linked Finance Objectives

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• Some start ups, largely growth, development capital or expansion

• £100k - £1m in equity and mezzanine instruments

• Joint equity linked packages up to £2m

• Eligibility

• Value growth and exit planning (within 5 years)

Equity Linked Finance Our approach

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• Business plan – full commercial assessment

• Approach – pre- rigorous, post- supportive

• Objectives – quality deals, generating legacy returns

Finance Yorkshire Making an Application

www.finance-yorkshire.com

• Call us to make sure it’s eligible 0845 649 0000 or make enquiry via website www.finance-yorkshire.com

• Get the applicant to complete the Application Form (download from www.finance-yorkshire.com)

• Send the completed Application Form & the supporting information to Finance Yorkshire

Finance Yorkshire

www.finance-yorkshire.com

Finance Yorkshire Ltd is a company limited by guarantee (Registered No 07075478). Finance Yorkshire Ltd (0845 649 0000) comprises three sub funds, Finance Yorkshire Equity Fund, which is managed by NorthStar Equity Investors Ltd and NEL Fund Managers Ltd,Finance Yorkshire Small Loans Fund, which is managed by Finance South Yorkshire Ltd and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Services Authority.