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Business Growth Fund bolsters Manchester team

19 Dec 2011

Business Growth Fund (BGF), the £2.5bn vehicle established to target UK SMEs, has hired David Colclough as an investment director and Neil Inskip as an investment manager to expand the firm’s presence in the North of England and Northern Ireland.

Colclough and Inskip will join regional director Andy Gregory at the Manchester office, which opened in September. Their appointment brings the BGF team to 50 people, working from six regional offices across the UK.

Colclough was formerly a director at the Manchester office of private equity firm 3i and has more than 13 years experience within the sector. Inskip was an investment manager at ANZ Private Equity in Sydney, and was formerly located in the North of England with PriceWaterhouseCoopers.

Since its launch in May, BGF has scaled its local capabilities so as to be able to meet its long term objective of offering equity investment to up to 40 businesses a year once fully established, and contributing to the growth of the UK economy, the firm said in a statement released today.

Gregory said, “It is great to welcome David and Neil to the team and to strengthen our presence in this region. We are seeing a strong pipeline of opportunities across the region and are keen to put our capital to work so that businesses in this region have access to the finance they need to grow.”

Earlier this month the firm also appointed James Austin as investment director, who will join South West and South Wales regional director Paul Oldham in Bristol.

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