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C4 claims Heggessey for Growth Fund

The UK’s Channel 4 has appointed three senior executives to the advisory board of its £20m (US$32m) indie sector investment fund, including former BBC1 controller Lorraine Heggessey.

Heggessey joins the Growth Fund as an external independent expert, while former chief creative officer of BBC Television Production, Pat Younge, and Tim Bevan, an associate director at accountancy firm KPMG, also join in new roles.

The Advisory Board supervises the work of the Growth Fund team, reviews the performance of the Fund and makes recommendations to the Channel 4 Corporation Board for investments.

Heggessey will additionally creatively mentor the investee companies alongside fellow Growth Fund Advisory Board member, Tessa Ross.

Younge, who left the BBC last year, joins as a consultant to help identify black, Asian and minority ethnic (BAME)-led companies for potential investment.

Bevan, meanwhile, joins as senior corporate finance manager to assess the viability of potential acquisitions and support completion.

The Growth Fund, which is headed up by Laura Franses, the former MD of UK factual prodco Nutopia, has so far invested minority stakes in four UK factual indies and one drama firm since launching in January.

The UK broadcaster says it has already identified other companies for investment and expects to make its next announcement by the end of the first quarter of 2015.

“We’re committed to helping our invested companies grow in exciting ways with our support, while they continue to retain their autonomy and ownership,” said Franses.

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