The chief executives of some of the UK’s best-known companies have agreed to lend their expertise to the new Business Growth Fund (BGF) as non-executive board members, including:
- Audrey Baxter, the chief executive officer (CEO) of Baxters Food Group.
- Stephen Murphy, group CEO of Richard Branson’s Virgin group of companies.
- Neil Johnson, chairman of aviation and defence engineering company Umeco, toy model company Hornby and Motability Finance, the car scheme set up to help disabled drivers.
- John Burgess, co-founder and managing partner of European equity investment firm BC Partners and non-executive director of C&C Group, which manufactures and markets the Magners and Gaymers cider brands around the world.
Stephen Welton, CEO of the BGF, said: “All four of our new non-executive directors have first hand experience of leading and growing businesses in the UK and abroad. There is a clear focus on being relevant to business at a local level across the country, a recognition that many of our investments will come from families, and a desire to reach out and nurture a spirit of entrepreneurial success. Their expertise and input as board members will be invaluable to the BGF and to our investee companies.
“Businesses need to understand that securing investment from the BGF is about more than just money. Our partnership approach and sharing of expertise, guidance and contacts will be almost as valuable as the cash we inject into their businesses. Confidence as well as aspiration are key watchwords of the BGF,” he added.
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