Non-Executive Board Directors (up to two posts)

  • Permanent
  • Yorkshire, UK
  • Remunerated positions GBP / Year
  • This position has been filled.
  • Salary: Remunerated positions

Finance Yorkshire Group supports business growth across the region. Finance Yorkshire Group’s funds provides flexible investment packages to eligible Small and Medium-sized Enterprises (SMEs) based or locating to areas within Yorkshire and Humber with the ambition to expand, create jobs and improve productivity. Finance Yorkshire was established in 2010 as a £112 million Fund to provide SMEs across Yorkshire and the Humber with funding to start, grow and prosper. The Fund provided Seedcorn, Loan and Equity-linked investments ranging from £15,000 to £2 million, to help SME businesses raise gap funding alongside co-investment from private sector investors and commercial banks.

Working alongside financial intermediaries and other lenders and investors, Finance Yorkshire had fully invested its funds by 2017 and had already realised sufficient capital from its loan and equity investments to start a new Fund in 2021(Finance Yorkshire Investments Limited (FYI)) to reinvest this legacy whilst continuing to create further capital availability from its remaining portfolio of investments. The new fund has been structured to provide SMEs with a range of support through Seedcorn and Growth Fund (primarily equity) investments, alongside large and small Business Loans. It will invest from its inception more than £50m to SMEs over the next five years.

Finance Yorkshire Group manages its investment activities through its specialised independent Fund Management teams. By investing in opportunities across Yorkshire and the Humber and successfully recovering its investment capital through loan repayments and equity exits, Finance Yorkshire Group continues to invest and support SMEs in the region for the long term.

Finance Yorkshire Group is now seeking to appoint up to two new non-Executive Directors to its Board.

Non-Executive Director

The main responsibilities of the Board are ensuring the integrity of the organisation, and that Finance Yorkshire Group operates and invests its fund strategically and that an evergreen status can be achieved. As a non-Executive Director, you will:

  • Contribute to discussions at Board meetings, constructively challenge the Chief Executive and Executive team and add to Board debates from your own personal and industry experience.
  • Contribute to monitoring the strategic objectives of Finance Yorkshire Group and, where appropriate, influence changes to these to ensure that the performance and ambitions of the company are achieved.
  • Contribute to, and actively participate in, the promotion of the new Fund with Finance Yorkshire Group’s stakeholders, clients, and potential beneficiaries to ensure long-term sustainability.
  • Participate in one of Finance Yorkshire Group’s other Board committees, based on your experience. Finance Yorkshire operates with three Board committees: Risk and Audit Committee, Remuneration Committee and Nominations Committee.

Important criteria for the role include:

  • Significant and recent experience at Executive or Non-Executive level.
  • Governance experience, including strategic planning, investment analysis, risk, and performance management.
  • Fund management experience or experience of working with Fund Managers desirable but not essential.
  • A strong commitment to developing effective, collaborative relationships with partners and key stakeholders.

How to Apply

To apply for these positions, you will need to submit the following documentation to our advising consultants, Veredus.

  • A CV setting out your career history, with key responsibilities and achievements. Please ensure you have provided reasons for any gaps within the last two years.
  • A Statement of Suitability (of around two pages) explaining how you consider your personal skills, qualities and experience provide evidence of your suitability for the role.

Further Information

Please send your application to the below email address and if you have any questions about the role or would like to discuss this opportunity, please contact our advising consultant at Veredus:

Closing date for applications is: 09:00 GMT on Tuesday 2 April 2024

Tagged as: