David Colclough has joined as an investment director of the Business Growth Fund while Neil Inskip is an investment manager, with both based in the Manchester office run by regional director Andy Gregory.

The UK-based £2.5bn ($4bn) Business Growth Fund, backed by five of the country’s largest banks, has hired two people for the north of England and Northern Ireland.

David Colclough has joined as an investment director while Neil Inskip is an investment manager, with both based in the Manchester office run by regional director Andy Gregory.

The fund is backed by Barclays, HSBC, Lloyds, RBS, Santander and Standard Chartered and aims to make minority equity investment to up to 40 businesses…