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Finance Yorkshire; James Newman.

A NEW investment fund has named its board of directors.

Finance Yorkshire has appointed James Newman (front, right) as chairman to lead the team.

Finance Yorkshire is a pounds 90m regional venture and capital loan fund launched by Yorkshire Forward. it will invest in businesses across region to support their growth and development. It is set to complete a four-year investment phase by December, 2013.

The fund will build on the success of the Partnership Investment Fund and South Yorkshire Investment Fund, which have now completed their investment phases. It will provide cross-regional access to finance support for the first time for all qualifying businesses.

Mr Newman already has a portfolio of non-executive directorships, including with international consultancy Scott Wilson Group plc and Dignity plc, the UK''s largest independent provider of funeral services, which includes Highfield Funeral Services in Huddersfield.

He is also chairman of AIM-listed Brulines, Straight and Infoserve as well as being deputy chairman of the Governors at Sheffield Hallam University. Until December, 2009, Mr Newman was also deputy chairman of PIF and chairman of its Investment Advisory Panel.

Other appointments (also pictured) include Dr Ian Kelly, chief executive of the Hull and Humber Chamber of Commerce; Peter Myers, chief executive of West Yorkshire Tourism; Alex McWhirter, assistant director of business at Yorkshire Forward; David Bagley, a long established member of the corporate finance community in Leeds; Jennie Adams, a former stockbroker, from Scarborough; Tony Parsons, formerly of SYIF; and PIF chairman John Watson Mr Newman said: "Besides providing direct support to businesses and a boost to the regional economic development, the new fund will generate a significant legacy from returns to support future sustainability. We see the fund helping to establish many new businesses and create and safeguard thousands of jobs for the region."
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Title Annotation:Business
Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:Mar 16, 2010
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