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Finance Yorkshire Welcome

Finance Yorkshire Welcome. www.finance-yorkshire.com. Finance Yorkshire John Watson - Director. www.finance-yorkshire.com. Finance Yorkshire Why are we here this morning?. Strengthening relationships with stakeholders, partners, intermediaries and clients

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Finance Yorkshire Welcome

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  1. Finance YorkshireWelcome www.finance-yorkshire.com

  2. Finance YorkshireJohn Watson - Director www.finance-yorkshire.com

  3. Finance YorkshireWhy are we here this morning? • Strengthening relationships with stakeholders, partners, intermediaries and clients • Demonstrating how we are working in partnership with our LEP to support business growth • Looking to the future • Dialogue and questions www.finance-yorkshire.com

  4. Finance YorkshireAgenda • John Watson, Director, Finance Yorkshire • Alex McWhirter, Chief Executive, Finance Yorkshire • Tim Frenneaux, Local Enterprise Partnership • Paul Johnson, Smartgate Solutions - Seedcorn Investee Company • Tom Sharp, The Beautiful Meme - Business Loans Investee Company • Martin Gernon, Centre Stage Uniforms - Equity Linked Finance Investee Company • Questions & Answers www.finance-yorkshire.com

  5. Finance YorkshireAlex McWhirter – Chief Executive www.finance-yorkshire.com

  6. Finance YorkshireWhat we are… £90m Venture Capital and Loan Fund Finance sourced from: £30m European Regional Development Fund £15m UK Government £45m European Investment Bank www.finance-yorkshire.com

  7. Finance YorkshireOur business approach… • To fully invest the £90 million fund through helping SME’s constrained by finance to grow • To create a sustainable fund • To be recognised and respected as a key participant in the SME business and professional sectors • To stimulate demand for finance in our key market segments • To realise good returns for investors and value for money www.finance-yorkshire.com

  8. Finance YorkshireOur investment performance so far... • 536 investments totalling over £66 million • On track to meet economic targets; jobs created & safeguarded; increase in turnover; business starts and private sector leverage • On track to achieve full investment by December 2014 www.finance-yorkshire.com

  9. Finance YorkshireInvestment Profile www.finance-yorkshire.com

  10. Finance YorkshireInvestment Profile www.finance-yorkshire.com

  11. Finance YorkshireInvestment impact... • Created or safeguarded 6608 jobs • Over £140 million Private Sector Leverage, resulting in £2.12 levered for every £1 invested • Generated £84m in increased turnover • Legacy fund to be invested in region’s businesses in line with original objectives - to be utilised after 2019 www.finance-yorkshire.com

  12. Finance YorkshireInvestment performance by location... www.finance-yorkshire.com

  13. Finance YorkshireInvestment performance by location... www.finance-yorkshire.com

  14. Finance YorkshireInvestment performance by sector... www.finance-yorkshire.com

  15. Finance YorkshireInvestment criteria… • A business with growth potential • A new start or growing business • A business unable to source its full funding requirement from the commercial market • SME’s paying business rates in Yorkshire and the Humber or relocating to the region www.finance-yorkshire.com

  16. Finance YorkshireThree portfolios • Seedcorn Finance Up to £780k • Business Loans £15k - £250k • Equity Linked Finance £100k - £2m www.finance-yorkshire.com

  17. Finance YorkshireSeedcorn Finance • Start up or early stage innovative business during the fund’s early period, but now focussed on more mature innovate businesses that are self-sustainable with our investment • Based on strong and unique technology, know-how or content that will usually be protectable • Have potential for rapid growth and multiple returns of the original investment • Based in or have significant activity in Yorkshire and Humber www.finance-yorkshire.com

  18. Finance YorkshireSeedcorn FinanceWhere investment made a difference • Carlton Manufacturing - Moved to larger premises and radically changed its manufacturing process following Finance Yorkshire investment • Xeros – Finance Yorkshire invested a total of £1.45 million over three funding rounds. Market capitalisation of £80m when admitted to AIM in March 2014 • Frillo – A visionary new innovative one stop shop for business supplies with great growth opportunities www.finance-yorkshire.com

  19. Finance YorkshireBusiness Loans • Fixed rate loans typically between £15,000 - £250,000 as syndicated or complete financial packages for businesses • Financial packaging with other forms of debt finance including the banks • Range of investments include; Working Capital, Capital Expenditure, Investment in Premises and development capital www.finance-yorkshire.com

  20. Finance YorkshireBusiness Loans Where investment made a difference • Green Peas Solutions - Business Loan enabled company to invest in research and development and expand its innovative packaging range. • William Beckett Plastics – Business Loan enabled the company to do a comprehensive refurbishment programme of three machines that mould its range of packaging. • Broder Metals – Business Loan to assist with a move to larger premises and to enable them to refit and refurbish the premises to their requirements www.finance-yorkshire.com

  21. Finance YorkshireEquity Linked Finance • Some start ups, largely growth, development capital or expansion • Types of investment packages include: • Loans with Profit Participation - for established businesses generating turnover of over £5m • Mix of Loan and Equity - for younger businesses with turnover of less than £5m • Equity only Investment - for early stage businesses with plans for rapid growth www.finance-yorkshire.com

  22. Finance YorkshireEquity Linked Finance Where investment made a difference • MTP Innovations - Using the £400k investment to expand its product range and customer base • Noel Village – Using the £750k investment to invest in new heat treatment • Magnomatics – Using the £1.1m (part of £2.5m package) to develop products, create new jobs and expand its global customer base. www.finance-yorkshire.com

  23. Finance YorkshirePortfolio performance to date.. • Finance Yorkshire has: • Completed 536 investments • Invested a total of £65.8m • Seedcorn Finance – 62 investments totalling £12.0m • Business Loans – 406 investments totalling £25.4m • Equity Linked Finance – 68 investments totalling £28.4m www.finance-yorkshire.com

  24. Finance YorkshireOur Investment 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 lenders and funds www.finance-yorkshire.com

  25. Finance Yorkshire Tim FrenneauxYork, North Yorkshire & East Riding Local Enterprise Partnership www.finance-yorkshire.com

  26. Finance Yorkshire Seedcorn Fund Paul Johnson Smartgate Solutions www.finance-yorkshire.com

  27. Finance YorkshireBusiness Loans Tom SharpThe Beautiful Meme www.finance-yorkshire.com

  28. Finance YorkshireEquity Linked Finance Martin GernonCentre Stage Uniforms www.finance-yorkshire.com

  29. Investee Business

  30. Finance YorkshireFuture work… • Work collaboratively with the York, North Yorkshire & East Riding Local Enterprise Partnership and Local Authorities • Develop the Finance Yorkshire brand and a recognised provider of growth finance to SMEs www.finance-yorkshire.com

  31. Finance YorkshireMaking an application • Call us to make sure it’s eligible 0845 649 0000 or make enquiry via website www.finance-yorkshire.com • An Investment Manager will contact you to discuss. • Complete Application Form & the supporting information when advised by the Investment Manager. www.finance-yorkshire.com

  32. Finance YorkshireQ & A 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 Viking Fund Managers Limited, Finance Yorkshire Small Loans Fund, which is managed by EV Business Loans Limited and Finance Yorkshire Seedcorn Fund, which is managed by Enterprise Ventures Limited. Each of these Fund Managers is authorised and regulated by the Financial Conduct Authority. www.finance-yorkshire.com

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