Watch out there’s a new dragon! Hilary Devey - entrepreneur and award-winning businesswoman - will join BBC2’s Dragon's Den, following the departure of James Caan.
Devey launched her own business Pall-Ex in 1996, which helped to revolutionise the pallet distribution industry in the UK. Her business model has now become standard across the industry. Unable to secure backing, Hilary sold her car and home to fund her company, which she has built up into a successful multi-million pound European business empire.
Hilary commented: "At a time when the banks are failing to invest in British small businesses, I am proud to be able to do my part to support the next generation of UK entrepreneurs.
"In order to set-up Pall-Ex in the mid-Nineties, I had to sell my house and car to get the start-up capital necessary to fulfil my business ambitions, as none of the banks appreciated my potential. I would have loved the opportunity to have stood before the Dragons, and I will remember my own experiences and the realities of running a business today, when choosing to support – or reject – the budding entrepreneurs joining me in the Den."
The new series of Dragon’s Den starts later this year.
Copyright Speakers Corner 2016