Finance Yorkshire has welcomed three investment professionals to its ranks, further boosting the wealth of expertise available to businesses looking for funding.
David Best and Mark Wyatt will be working with the Seedcorn Finance team, which invests in early stage innovative or technology-based ventures which have the potential to become “beacon companies” for the region.
A qualified chartered accountant, David Best is experienced in both executive and non executive positions and played a pivotal role in growing a small venture capital-backed business to FTSE 500 status.
Mark Wyatt has particular expertise in the bioscience, healthcare and clean technology sectors, working with founding academics and incoming management teams to build valuable investment propositions.
The third new face, George Ayliffe, joins the Equity Linked Finance team, which provides investment to selected businesses, management teams and entrepreneurs, from £100,000 up to £2m per company.
A qualified executive director, George has diverse strategic level experience growing businesses across sectors including technology, distribution and manufacturing.
Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.
The project is supported financially by the European Union.
It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from UK Government and £45million match funding from the European Investment Bank.