BGF, backed by five financial services firms, has made further investments in two of its portfolio companies, a chain of Mexican restaurants and a gym operator.

UK-based Business Growth Fund (BGF), the government and bank-backed fund initiated to help grow UK business, has reinvested in two portfolio companies, Barburrito and Xercise4Less, totalling £5.6m ($9.4m).

BGF invested £3.6m ($6m) in Barburrito, a chain of Mexican street food restaurants, and £2m $3.4m) in budget gym operator Xercise4Less.

“We are an investor of just three years standing and the majority of our investments are still less than 18 months old. However, we are already seeing many encouraging signs of…