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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, CEO, Finance Yorkshire • James Farrar - Local Enterprise Partnership • Seedcorn Case Study – Hugh Rudden, FullsunPhotovoltaics • Business Loans Case Study – Kevin Hollinrake, Vizzihome • Equity Linked Finance Case Study – Paul Stark, Aerocover • Questions & Answers www.finance-yorkshire.com

  5. Finance YorkshireAlex McWhirter - CEO www.finance-yorkshire.com

  6. Finance YorkshireWhat we are… £90m Venture Capital and Loan Fund Finance sourced from: £30m European Regional Development Fund £15m Yorkshire Forward/Business Innovation and Skills £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... • 346 investments totalling over £39 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 impact... • Created or safeguarded 5620 jobs • Over £64 million Private Sector Leverage, resulting in £2 levered for every £1 invested • £44.2 million in value added sales • Legacy fund to be invested in region’s businesses in line with original objectives - to be utilised after 2019 www.finance-yorkshire.com

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

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

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

  14. 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

  15. Finance YorkshireThree portfolios • Seedcorn Finance • Business Loans • Equity Linked Finance www.finance-yorkshire.com

  16. Finance YorkshireSeedcorn Finance • Start up or early stage innovative businesses • Involves strong technological ‘know-how’ and credible founders • First products or services developed with potential for rapid growth • Can invest up to £780,000 over the lifetime of the business through equity-based, tranched investments • Investments of £2m+ when syndicating with other funds www.finance-yorkshire.com

  17. Finance YorkshireCase Study – Carlton Manufacturing • Start up that develops sustainable construction materials • £675,000 Seedcorn Fund investment • Company moved premises and expanded workforce as a direct result of investment • The company has rapidly growing revenues and has plans to develop new products www.finance-yorkshire.com

  18. Finance YorkshireBusiness Loans • Fixed rate loans typically between £15,000 - £150,000 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

  19. Finance YorkshireCase Study – The Beautiful Meme • Designers and writers that specialise in rebranding and advertising • £40,000 Business Loan to help the company expand its portfolio • The finance has enabled the company to employ a new designer and copywriter and meet additional overhead costs www.finance-yorkshire.com

  20. Finance YorkshireEquity Linked Finance • Equity-linked investments from £100,000 to £2m and Mezzanine loans • Some start ups, largely growth, development capital or expansion • Work alongside other finance providers to invest in larger transactions • Tailored deal structures to give maximum benefit to the investee companies www.finance-yorkshire.com

  21. Finance YorkshireCase study - Envirodoor • An international manufacturer and supplier of specialist and hygienic doors • £600,000 Equity Linked investment to support the company’s marketing, recruitment and research and development programmes • Looking to grow its distribution network and to build relationships with key partners www.finance-yorkshire.com

  22. Finance YorkshirePortfolio performance to date.. • Finance Yorkshire has: • completed 346 investments • Invested a total of £39.43m • Seedcorn Finance – 44 investments totalling £7.93m • Business Loans – 270 Investments totalling £15.00m • Equity Linked Finance – 32 Investments totalling £16.50m www.finance-yorkshire.com

  23. 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

  24. Finance Yorkshire James Farrar The York, North Yorkshire and East Riding Local Enterprise Partnership www.finance-yorkshire.com

  25. The LEP Plan Agri-Innovation Potash Inward Investment

  26. Small Business Growth Delivered to date: - 1,300 Business Supported - £2.2m Skills funding secured - 18,000 Businesses engaged - 108 sources of support promoted - 73 Business Mentors attracted - 39 Networks in partnership - Business Support Seminars - Online Webinars developed Good quality, easily accessible business support not reliant upon public funding Businesses who get external help perform better than those that dont

  27. Major Growth opportunities Drax £700m Biomass Conversion £1bn Carbon Capture & Storage York Potash £2.5bn Investment £2.5m Whitby Business Par c.4000 jobs FERA Science & Innovation Campus Potential 800 Jobs

  28. Forward Strategy Small businesses key to growth of our economy • 5 Year Growth Strategy • A compelling vision for the region • - Taking opportunities • - Addressing barriers • Central Govt Single pot • European Funding • Public / Private partnership LEP best placed to coordinate Business support

  29. York Means Business website York Means Business web portal is supported and led by the York Business Team of the City of York Council. The site offers start-ups, growing, established and relocating organisations and businesses a wealth of information and signposting to appropriate knowledge, funding, assistance and support. www.yorkmeansbusiness.co.uk

  30. Finance Yorkshire Seedcorn Fund Testimonial Hugh Rudden, Fullsun Photovoltaics www.finance-yorkshire.com

  31. Finance YorkshireBusiness Loans Testimonial Kevin Hollinrake, Vizzihome www.finance-yorkshire.com

  32. Investee Business

  33. Investee Business

  34. Investee Business Weekly Sold Report

  35. Investee Business How it Works Information from the Internet Covers England, Ireland, Scotland and Wales Very accurate – 97% UK Agents 2m records each week Data added, cleansed and de-duped weekly Sales data from Aug 08 Lettings data from May 09

  36. Current users

  37. Investee Business Full Property List – For Sale

  38. Investee Business Property History

  39. Investee Business Vizzihome Data USPs • Scale: largest database of UK homemovers known • Quality: very high quality data through algorithms and de-duplication policies • Change: constantly evolving and updated • Permissions: DPA compliant • Accessibility: easy to use and simple to supply

  40. Investee Business Why use this data? • Home moving data is very powerful: • Average householder spends twice as much on home in year 1 than in any subsequent year • Average of £8,000 spend in first 3 months; £15,000 in first 12 months • Approx 1.3m home owners move every year, spending £2.2bn on associated household goods • 75% of consumers polled would welcome relevant marketing

  41. Investee Business What for?

  42. Investee Business Why Finance Yorkshire? For more information on Vizzihome please contact : Will Lownsbrough, Commercial Director 07850 313 887 wlownsbrough@vizzihome.co.uk

  43. Finance YorkshireEquity Linked Finance Testimonial Paul Stark, Aerocover www.finance-yorkshire.com

  44. Investee Business The investment journey

  45. Investee Business The spin out

  46. Investee Business The introduction

  47. Investee Business The Process

  48. Investee Business Challenges

  49. Investee Business Experience

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