The new office will help to form closer connections with businesses and advisers in the region.

BGF investors Ian Downing and Jonathan Earl will relocate to the Nottingham office.

The pair have 30 years of experience between them of working in the local investment community, and joined BGF in 2011 and 2013 respectively.

Seb Saywood – who has more than 10 years of experience working in the East Midlands investment community – has been recruited from Foresight Group.

He will join the pair in the Nottingham office.

The trio – with assistance from the wider Midlands team – will be responsible for identifying, funding and supporting growing businesses in the East Midlands.

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 “The launch of BGF’s Nottingham office signals our intent to provide capital to more businesses in the East Midlands,” said Ian.

“Having already invested almost £100m in the region, there is potential to do more to support businesses located here – from manufacturers and industrial services providers to tech, healthcare, hospitality companies and more.”

Seb added: “I am delighted to be joining such an experienced and respected team who have an excellent reputation for being approachable, supportive investors.

“There is a strong emphasis on backing excellent management teams with a differentiated investment approach that includes making longer-term, minority investments.

“It is a very compelling proposition for ambitious businesses.

“Opening the East Midlands office demonstrates BGF’s confidence in a region that I know contains rich entrepreneurial talent and a very strong professional community.”