Entrepreneur Hilary Devey revealed as new star of Dragon's Den

Hilary Devey

Entrepreneur Hilary Devey will be the latest dragon to join hit BBC Two series Dragon's Den, it has been confirmed. Devey - who has previously appeared in Channel 4's The Secret Millionaire - is the founder of Pall-Ex, a company which specialises in pallet transportation and distribution.

The 56-year-old will replace James Caan, who we revealed had quit the programme early in the new year.

Speaking about her new role on the show, Devey said: "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."

Meanwhile BBC Two's Janice Hadlow commented: "Hilary is a welcome and impressive addition to the Dragons' lair. With her extensive business experience, she will bring a new dynamic to the Den, turning up the heat on prospective entrepreneurs as they seek that all important investment."

Hilary Devey will join Dragon regulars Peter Jones, Theo Paphitis, Duncan Bannatyne and Deborah Meaden for a new series later this year.