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Comedian Jason Manford will host a new series on Dave called ‘The Money Pit’. The idea is similar to ‘Dragon’s Den’, but will see ordinary members of the public pledge their own money to support start-up business ideas.

They can pledge anywhere between £100 and £20,000 for a stake in the firm. As with ‘Dragon’s Den’, it’s their own money at risk, so if the business fails, they may lose out.

However, unlike the BBC 2 show, investors can jump ship at the last minute and join another company. They have until the end of the show to decide. Cue lots if wily producer-types saving the best business ideas for the end of the episode.

“I’m inviting all those people with some spare cash that they’re thinking of hiding under the mattress, or sticking on the 3.15pm at Haydock Park to join me in ‘The Money Pit’ instead," Manford said.

“It’s their chance to invest in real-life entrepreneurs who could make them serious money. Who knows, if they back the right one they might be able to buy a race horse of their own – or a really big mattress!”

Catherine Catton, senior commissioning editor for UKTV, said Manford would bring his “wit, warmth and energy” to the show, which aims to “bring the excitement and jeopardy of crowd-funding to life.”

Steve North, general manager for Dave, added the show would combine “intelligence and Dave’s witty humour”.

Dave is set to rebrand as David for one day to launch David Hasselhoff’s new show ‘Hoff the Record’. That fateful day is June 18th.

Source: Digital Spy

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