The Business Growth Fund, set up four years ago to help stimulate in the UK economy, has continued its rapid expansion with the hire of a former Lloyds Banking Group director.

Sarah Ledwidge joins as an investment manager in its Bristol office, according to a statement from the BGF on Tuesday. She was at Lloyds Banking Group for 10 years based in both London and Reading, and spent the past 12 months on secondment at its private equity arm LDC.