A regional fund manager has opened a new office in South Yorkshire to support growing businesses across the region.<\/p>\n
FW Capital has launched a base at the Electric Works, in Sheffield, expanding its presence to support SMEs across Barnsley, Sheffield, Doncaster and Rotherham.\u00a0<\/p>\n
Bosses say move follows the recent launch of the \u00a320 million South Yorkshire Debt Fund, which is managed by FW Capital on behalf of South Yorkshire Pension Authority.<\/p>\n
The fund provides loans of up to \u00a32 million for a range of growth needs including recruitment, marketing and equipment purchases.\u00a0<\/p>\n
Joanne Whitfield, FW Capital fund director, said: \u201cSouth Yorkshire has a rich history of innovation and change.\u00a0<\/p>\n
\u201cBy bringing investment opportunities to the region, we can drive further economic success and prosperity.\u00a0<\/p>\n
\u201cWe\u2019ve been working hard since the launch of the South Yorkshire Debt Fund to support local entrepreneurs access finance to develop and scale up.\u00a0<\/p>\n
\u201cHaving a base in Sheffield is key to the successful delivery of the South Yorkshire Debt Fund, and we are building a team of locally based people, who will be on the ground working with business owners across the region.\u201d\u00a0<\/p>\n
Councillor Donna Sutton, chair of South Yorkshire Pensions Authority, added: “The opening of FW Capital\u2019s Sheffield office marks an important step forward in delivering the South Yorkshire Debt Fund.\u00a0<\/p>\n
\u201cWe\u2019re proud to see our investment supporting local businesses, creating jobs, and driving sustainable economic growth across our region.\u00a0<\/p>\n
\u201cThis fund shows how pension investments can deliver real value \u2013 not just strong financial returns, but tangible benefits for the communities our members live and work in.\u201d<\/p>\n
In addition, Joe Parikh has joined the new Sheffield team as assistant investment executive and will be working closely with local businesses.<\/p>\n
He previously worked in banking audit at KPMG Manchester, focusing on large and listed financial institutions.<\/p>\n
Joe added: \u201cI\u2019m looking forward to working with local businesses, enabling them to secure the financial resources necessary for growth and job creation.\u00a0<\/p>\n
\u201cThe client facing aspect of the role is something I am passionate about, bringing added value to businesses and seeing the direct impact of how the right funding can change the direction of a business and bridge the funding gap.\u00a0<\/p>\n
\u201cThis is a great opportunity for me and I\u2019m excited to join the FW Capital team.\u201d<\/p>\n
FW Capital currently manages more than \u00a3410 million in UK-based funds and is a key delivery partner of the Northern Powerhouse Investment Fund II.<\/p>\n