The Telegraph profiles Stephen Welton

Since BGF began business four months ago, Stephen Welton, chief executive of BGF, has raised £2.5bn from the banks. He has, at a time when many are finding it impossible to get money from lenders, pulled off a rare trick and is now focused on investing in small and medium-sized companies. Here, he talks with Damian Reece from the Daily Telegraph on why giving money away to firms is harder than it is to raise it.