The fund backed by various UK banks invests in the fast-growing fancy dress company which has grown its revenues more than nine times in two years.

Business Growth Fund, which is backed by various UK banks, has invested £4.2m ($6.6bn) in AFG Media, a fancy dress company best known for its so-called morphsuits [pictured].

The business’ revenues have grown from £1.2m in 2010 to £11m in 2012.

The company had 300% growth year on year. The company has marketed via social media securing one million fans on its Facebook page.

AFG Media has also expanded to produce party wear under the name Foul Fashion and makes…