Healthcare benefits

A new programme of support has been launched in Yorkshire to help innovative healthcare companies access the finance they need to grow their ideas.

Launched in Leeds, the Yorkshire Forward-backed investor readiness programme is offering regional healthcare businesses a tailored package of support that will increase their chances of accessing venture capital in the current economic climate, and also prepare companies to access financial support once the economy enters recovery.

The three-year programme, worth £1.8m, forms part of Yorkshire Forward’s ongoing strategy to support the development of the healthcare technologies industry in Yorkshire and Humber. It will firstly appraise the current status of a company, its investor readiness and financial needs. It will then build a tailored package of support; including one-to-one mentoring and workshops that will help the company develop its investment proposals to make it as attractive as possible to potential investors from the UK and overseas.

The programme will be delivered by regional finance experts Grant Thornton, research leaders BiteCIC and technology consultants Quotec.