Finance Yorkshire has made more than 100 investments with a total value of £10million in businesses across Yorkshire, the Humber and North and North East Lincolnshire.
The milestones comes just 12 months after the venture capital and loan fund made its first investments in the region.
Finance Yorkshire offers seedcorn, loan and equity linked investments, ranging from £15,000 to £2million to help small and medium businesses meet the gaps in funding they need for growth and development. Investments have been made in a variety of sectors such as engineering, healthcare, digital and IT, manufacturing, energy and renewable.
As of June 30, the investments have created and safeguard almost 1880 jobs and generated approximately £27m in additional private sector leverage.
Chief executive Alex McWhirter said: “It has been an excellent first year of investing and laid the foundations for further development and growth. To provide more than £10million to small and medium-sized enterprises has really provided a boost to the regional economy, at a very difficult time for businesses.
“In the last 12 months we have had a changing political and economic climate, with the abolition of the regional development agency and on-going financial concerns right across Europe. The environment we work in continues to be fragile.
“However, we have seen a great many number of applications for investment in so many different businesses that it provides us with great optimism that this region can steer itself towards a more positive future.’’
For more information about Finance Yorkshire, visit www.finance-yorkshire.com or ring 0845 649 0000.