£20m investment funds launched to support South Yorkshire SMEs

The South Yorkshire Pensions Authority has appointed FW Capital and Foresight Group to manage the funds.

Launched at an event at Cutler's Hall, The South Yorkshire Debt Fund will be managed by FW Capital and South Yorkshire Growth Equity Fund by Foresight Group.

Each fund includes a £20m commitment of finance and will provide new sources of investment to support businesses to scale up and innovate. They are designed to stimulate regional growth and create high-quality, sustainable jobs.

Councillor Jayne Dunn, chair of the South Yorkshire Pensions Authority, said: "We are proud to launch these two £20m investment funds in partnership with Foresight and FW Capital, providing vital support for SMEs across South Yorkshire. By backing local businesses, we are not only fostering economic growth but also creating jobs and driving innovation in our region. This initiative reflects our ongoing commitment to investing in South Yorkshire's future and ensuring long-term prosperity for our communities."

The South Yorkshire Debt Fund, managed by FW Capital, is designed to support growing businesses across Doncaster, Barnsley, Sheffield, and Rotherham with loans of up to £2m. Funding can be used for a variety of purposes, such as boosting working capital, purchasing equipment, recruitment, marketing and product development.

Joanne Whitfield, fund director at FW Capital, said: "SMEs are vital to the UK and local economies, and South Yorkshire has some impressive and resilient entrepreneurs with ambitious ideas for growth. Access to finance continues to be a significant challenge for many businesses which is why the new South Yorkshire Debt Fund has been created. We are looking forward to supporting as many businesses as we can, with investment and also with expertise to help them to thrive. "We're pleased to partner with the South Yorkshire Pension Authority and Foresight to help businesses unlock their potential, boosting confidence and delivering economic prosperity in this area. If you're a business based in South Yorkshire seeking funding support we'd love to hear from you."

The South Yorkshire Growth Equity Fund, managed by Foresight Group, will provide equity investments of up to £2m, typically as part of larger funding rounds of up to £15m through co-investing alongside Foresight's other funds. The fund will help companies reach their growth potential and build on founders' visions across all sectors and transaction types.

Claire Alvarez, partner at Foresight Group, said: "We are delighted to be managing this Equity Fund for the South Yorkshire Pensions Authority. We see great potential in the vibrant business community across South Yorkshire and look forward to supporting their local economy and delivering positive social outcomes by creating high-quality, local jobs."

For further infomation visit: https://fwcapital.co.uk/south-yorkshire-debt-fund

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