BGF brings in Calver to help run £200m tech fund

The Business Growth Fund (BGF) has drafted in former Lovefilm and Mothercare boss Simon Calver to help run a £200 million venture capital fund dedicated to early-stage technology companies.

Calver, who quit Mothercare last year in the wake of a profit warning, is now chair of print company Moo.com and online pharmacy Chemist Direct.

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He will be joined on the BGF team by venture capital investor Rory Stirling and Harry Briggs, co-founder of juice maker Firefly Tonics.

Stephen Welton, BGF chief executive, said: “Harry, Simon and Rory bring a strong mix of venture and entrepreneurial experience, with ambitions to unearth some of the most exciting UK technology companies of tomorrow.”

BGF is backed by banking groups ­Barclays, HSBC, Lloyds, Royal Bank of Scotland and Standard Chartered.