John Warner Director

John WarnerDirector

Why are we here this morning?

• Accountability to South Yorkshire

• Building relationships

• Looking to the future

• Dialogue and questions

Tony GoulbournChief Executive

Our mission & vision

To establish a commercial and sustainable fund for South Yorkshire

Where are we?

•Business Model Proven

•We will fully invest the Fund by end of 2008

•Achieve target financial returns

•Exceed most of the economic outputs set

•Be on track to achieve a legacy of circa £20m

Key Messages

• £40 million invested in 281 businesses

• Success of ‘Money with Management’ model - 334 mentors placed

• Created or safeguarded 6,662 jobs

• Private sector leverage equivalent to £4 for every £1 invested

Key Messages

• £290m in value added sales

• Pilot Seedcorn Fund – fully committed

• Improved performance of SBF

• Upturn in equity deals

• Achieved Customer First Standard

Investment Forecast

Output Total Projected Outputs

Target December 07

Achieved to December 07

Performance %

New jobs created

2,618 1,667 1,622 97%

Jobs safeguarded

5,127 4,682 5,040 108%

Value Sales (£m)

420 206 291 141%

New business

starts

50 50 50 100%

Businesses advised

3000 2680 2653 99%

Universal Components UK Ltd

SEAMS Ltd

Zenjin

The way forward

• Raise Successor Fund for the Region to run 2009 - 2013

• The need for an Interim Fund to ensure continuity of investment

• The creation of a regional holding company

The interim to the end of year (2008)

• Availability of Funds to invest - tight

• The need to work with investors and the market to manage this period of the Fund

Successor Fund• Much larger Fund for the Region

• Vision to have permanent commercial fund by 2013

• Focus on HIGHER RISK but maintain commercial discipline

• Continue successful use of mentors

New Website

01709 386 377South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises

three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM

Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services

Authority. These include the pilot Seedcorn Fund, Mentorbank and access to the Yorkshire Association of Business Angels.

www.syif.com