The bank-backed Business Growth Fund has invested in the UK-based menswear brand, taking a minority stake of undisclosed size in the company.

Business Growth Fund, the venture capital fund backed by the UK’s five main banking groups, has invested £3.75m ($5.7m) in UK-based menswear brand Oliver Sweeney, Angel News reported yesterday.

The funding, which gives BGF a minority stake of undisclosed size, follows Oliver Sweeney’s expansion into footwear. The company manufactures and sells clothing, shoes and accessories made using traditional craftsmanship.

Founded in 1989, the brand was purchased by its current owners Maurice Helfgott and private equity firm Amery Capital in 2009.…