Foresight Group, a listed private equity and infrastructure investment manager, continues its regional expansion with Tavia Sparks and Richard Ralph joining the team to support the rollout of the Foresight North East Fund and Foresight West Yorkshire SME Investment Fund .
The duo will focus on supporting SMEs in Yorkshire and the North East, providing equity funding and working with founders and management teams to unlock the growth potential of their businesses.
The funds will invest up to £10m in various transactions across the region.
Sparks, who joins Foresight from Santander UK, where she was head of the growth capital team, has over 15 years of banking and investment experience.
Ralph spent 10 years advising SMEs in the region and was most recently Deputy Director of Deloitte’s Corporate Finance team in Leeds.
Matt Smith, Partner, said: “We are delighted to welcome Tavia and Richard and are delighted to increase our presence in the North East and Yorkshire.
“Despite much of the negative news flow about the wider economic environment, we continue to see a strong pipeline of promising SMEs seeking funding and targeting growth in Yorkshire and the North East.
“Our two new funds will support economic growth and have a positive social and economic impact by creating high quality local jobs. We are confident the funds will replicate our successful model in the North West, Midlands, East of England and Scotland.