It is good to talk, says financial expert

Business support to aid growth is available to access, according to a leading financial expert.

Mike Hackett, Director at RBS, believes companies of all sizes can benefit from the advice and backing from a variety of organisations all tasked with building the region’s economy.

He said: “The most important advice I give to any business I speak to, is to seek all the advice and help they can get and examine all the options open to them. The good news is that there is plenty out there.

“Talk to us, talk to organisations like Finance Yorkshire, not just from the day you need to open a business account or take out a loan, but more importantly, from the day you first come up with the idea you want to turn into a successful business. That way we can cover as many eventualities as possible.

“It’s clear the focus is on providing our SMEs with the resources and finance they need to, not only survive, but thrive in the current economic environment. Together we work hard for our customers and use our differing skills and tools to provide the best possible outcome for Yorkshire businesses.”

RBS is working alongside Finance Yorkshire to provide financial support for businesses across Yorkshire, the Humber and North and North east Lincolnshire.

Finance Yorkshire can provide seedcorn, loan and equity linked investments, ranging from £15,000 to £2million, specifically to help small and medium sized businesses meet the gaps in the market for the funding they need for growth and development.

Mike added: “The role of Finance Yorkshire in helping businesses with growth, improvements and ambitions mirrors our efforts here at RBS. In supporting viable businesses with the funding they need we are helping to drive unemployment down and increasing productivity in the Yorkshire and Humber region.

“My team of experienced relationship managers offers a wealth of knowledge to our SME customers and a range of solutions for financing new businesses and developments at existing companies.

“We have worked with Finance Yorkshire on numerous occasions where we have identified that our customer would benefit from the partnership or where additional funding has been sought.

“There are many companies in the region with a fantastic opportunity to expand and grow their business our customers can turn to the relationship between RBS and Finance Yorkshire for a smart solution.”

Karl Hodson, Investment Manager at Finance Yorkshire said: “We have worked closely with RBS to put together funding packages to help businesses get the investment they require, this often means that with the additional funding the projects can go ahead”.

Finance Yorkshire's finance pacakages have been designed to help complete those projects that may not otherwise happen by complementing finance available from banks and other lenders.

Finance Yorkshire is supported financially by the European Union. It has attracted £30million investment from the European Regional Development Fund (ERDF) as part of Europe’s support for the region’s economic development through the Yorkshire and Humber ERDF Programme, £15million from Yorkshire Forward’s Single Programme, and £45million match funding from the European Investment Bank.

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