
Business Growth Fund appoints former 3i partner

The newly-created Business Growth Fund (BGF) has appointed Richard Bishop as its first head of investments.
Bishop will be joining the BGF in the next few weeks and will be based in the fund's Birmingham offices.
He joins from 3i, where he has worked since 1989. Bishop ran the firm's Birmingham office and was later based in London and Frankfurt. He worked on deals including Interflora, Hayley Conference Centres, MKM Building Supplies, AES Seals, Hyperion and SLR Consulting.
The £2.5bn BGF has been committed by six of the UK's main banking groups - Barclays, HSBC, Lloyds, RBS, Santander and Standard Chartered. It will invest £2-10m in businesses with a turnover of between £10m to £100m.
The BGF will announce further appointments at its official launch on May 19.
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