Finance Yorkshire and MaxAim form partnership

Finance Yorkshire has joined forces with business advisory firm MaxAim LLP by welcoming one of its partners on secondment.

Tom Hayes, who was recently appointed as a new partner in MaxAim, will join Finance Yorkshire’s Equity Fund Team as an Investment Director for the next few months, alongside his commitments at MaxAim.

Tom said: “I am delighted to be joining the Equity Fund team at Finance Yorkshire and look forward to using my experience of working in both Industry and Corporate Finance to help companies in our region obtain funding in what is clearly a challenging economic climate.

“Working with Finance Yorkshire will enable me to advise businesses on how best to access the finance available to them. A strong business plan is critical to obtaining funding and seeking professional advice is usually the best way of ensuring it provides the information an investor needs, which therefore increases the chances of a successful investment.”

Helping a range of small and medium sized businesses to meet their funding requirements for growth and development, Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m. The equity linked investment team at Finance Yorkshire invests up to £2m through taking equity in the business or agreeing a mezzanine loan.

Ash Chopra, Investment Director in the Equity Fund team at Finance Yorkshire, said “We are delighted to welcome Tom to the Equity team. There are many genuinely good small and medium sized businesses, struggling to obtain funding and Finance Yorkshire has an important role in providing equity and loan capital for growth. We have made a number of investments recently and we continue to receive a good level of enquiries from local introducers and companies. Tom will be a valuable addition to the team and will help us to progress the opportunities we are receiving at present. “

Chris Cormack, partner at MaxAim commented “This is a great opportunity to strengthen the relationship between MaxAim and Finance Yorkshire and for both parties to benefit from Tom’s experience. Finance Yorkshire has an essential role in supporting companies in the region by providing the funding to start trading and to grow, particularly in the current economic climate, and has invested over £13 million over the past 12 months. Tom’s appointment will assist them in building on an excellent first year of investing. MaxAim’s business model is built on providing flexible support to businesses and investors, working closely with them to help them achieve their objectives. This is a great example of our model in practice.”

For more information about Finance Yorkshire, please visit www.finance-yorkshire.com or ring 0845 649 0000.

Note: this news article is from Finance Yorkshire’s previous fund. Read more about Finance Yorkshire