Meet the Investors

Sheffield Hallam University

Tuesday 4th March 2008

Yorkshire & the Humber:

Last EU Funding Programme: 2000-06

SY: SYIF (O1)

Parts of Rest: PIF (O2)

Y&H: YHEF

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Yorkshire & the Humber:

New EU Funding Programme: 2008-13

Government ‘Simplification programme’

One successor Fund: All Y&H

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Yorkshire & the Humber:

New EU Funding Programme: 2008-13

Y&H Regional Economic Strategy (2006-15)

Yorkshire Forward: Corporate Plan (2008-11)

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EU Funding Programme: 2008-13:

“To capitalise on the region’s assets and secure a prosperous future for the region’s people and businesses within a viable knowledge economy”

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EU Funding Programme: 2008-13:

Priority 1: Promoting Innovation and R&D

“To simulate an innovation culture and strengthen the innovation system in the region by increasing technology transfer from universities, … … and opportunities of the knowledge economy”

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The Regional Economic Strategy:

Objectives and top priorities:

“x.(f) The region will help businesses … … encouraging more businesses to collaborate with our excellent universities … … to exploit the region’s science and research base.”

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The Regional Economic Strategy:

Objective 1: More Business that last

“B. iii) Improve business access to finance, … … Finance Yorkshire and Investment Funds”

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The Regional Economic Strategy:

Objective 2: Competitive Businesses

“A. ii) Better exploit the region’s science and research base …”

iii) Promote knowledge and technology transfer …

iv) Enhance investment growth … … - including universities”

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The Regional Economic Strategy:

Objective 2: Competitive Businesses

“F. v) Make the most of universities …”

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Yorkshire Forward: Corporate Plan:

Objective 3: Start-ups, growth through innovation

“14 Competitiveness … …dual focus on business improvement and innovation. Enterprise and Access to Finance …”

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Yorkshire Forward: Corporate Plan:

Section 4: Start-ups, growth through innovation

“Our universities are a huge asset to the region … … to grow the region’s economy, we need to utilise their knowledge base and transfer it to business.”

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Yorkshire Forward: Corporate Plan:

Section 4.7: Delivery

“The region’s universities, research council’s and Business Link will be key in the delivery of the innovation product”

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Yorkshire Forward: Corporate Plan:

Enterprise and Assess to Finance:

… long term culture change …… entrepreneurs and enterprise valued …… access to and sufficient levels of finance

…

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Yorkshire Forward: Corporate Plan:

4.13 An Access to Finance Programme

… co-ordinated access to sources of finance …

… a cohesive approach for start-ups …… Regional Access to Finance Portal …… seedcorn capital to fund high risk early

stage …

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Y&H Venture Finance, Loan Fund:

When: Early 2009

Where: Everywhere (Boundaries: Y&H)

Why: Equity/loan gap

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Y&H Venture Finance, Loan Fund:

How much: ???

Internal/externally matched?: Internal

South Yorkshire: Special measures

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Y&H Venture Finance, Loan Fund:

Seed corn finance

Debt finance

Equity/quasi equity finance

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Stakeholders

Partnership Investment Finance is the trading name of The Partnership Investment Fund which comprises four sub funds, each of which is managed by YFM Venture Finance Limited which is authorised and regulated by the Financial Services Authority and is part of the YFM Group. The Partnership Investment Fund Limited provides access to an Investment Aftercare Scheme which is not subject to Financial Services Authority regulation.