Partnership Investment Finance launches £37m fund

A new £37m fund has been launched by Partnership Investment Finance (PIF) aimed at supporting small- to medium-sized businesses across Yorkshire and the Humber. PIF will encourage entrepreneurs and economic regeneration by providing equity investments and loans over the next four years to eligible businesses and social enterprises in the region from North-East Lincolnshire up to North Yorkshire. PIF recently made its first sizeable investment when it backed Sanity, a Leeds-based washroom facilities service provider, with a £100,000 loan. The Sanity Group was launched 18 months ago by Geoff Young who had previously founded and run a similar company in London and the South East which he sold for £3.5m. Miles Stanyard is the PIF managing director.

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