When will PIF have funds for lending again? It is expected that PIF's Legacy Fund will be created by 31 March 2014.
When PIF starts lending again, how many proposals will be funded each year?
Propositions will be assessed for investment on their merits. There is no annual
allocation for investment.
What can the funds be used for?
PIF funds were established to fill the funding gap; that is to provide funds
for commercially viable propositions which cannot raise the funding they need,
in total or in part, from conventional funders.
Can PIF's Legacy Fund make loans / investments to SMEs who have received funding
from the original Fund?
The details of the Legacy Fund investment rules are being considered by the funders at the moment. Full details will be included on the website as soon as they are available.
What other support is available?
The new regional venture capital fund, Finance Yorkshire, was launched in March
2010 www.finance-yorkshire.com.
In addition, Business Link Yorkshire www.businesslinkyorkshire offers significant support and advice to businesses in Yorkshire.