South Yorkshire firms set for £40 million boost

Businesses across South Yorkshire are set to benefit from two new £20 million investment funds aimed at driving growth and job creation.

Launched earlier this week with an event at Cutler’s Hall, the South Yorkshire Pensions Authority has appointed FW Capital and Foresight Group to manage the newly launched South Yorkshire Debt Fund and South Yorkshire Growth Equity Fund. 

The debt fund, managed by FW Capital, will provide loans of up to £2 million for SMEs across Barnsley, Sheffield, Doncaster and Rotherham, while the equity fund, managed by Foresight Group, will be dedicated to investing in ambitious, growing companies, providing equity investments of up to £2 million, typically as part of larger funding rounds.

Officials say both funds will aim to fill regional funding gaps, helping businesses scale, innovate and contribute to the region’s economic development.

Councillor Jayne Dunn, chair of the South Yorkshire Pensions Authority, said: “We are proud to launch these two £20million investment funds in partnership with Foresight and FW Capital, providing vital support for SMEs across South Yorkshire. 

“By backing local businesses, we are not only fostering economic growth but also creating jobs and driving innovation in our region.”

Joanne Whitfield, fund director at FW Capital, added: “SMEs are vital to the UK and local economies, and South Yorkshire has some impressive and resilient entrepreneurs with ambitious ideas for growth. 

“Access to finance continues to be a significant challenge for many businesses which is why the new South Yorkshire Debt Fund has been created. 

“We are looking forward to supporting as many businesses as we can, with investment and also with expertise to help them to thrive.” 

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