Dragon Duncan feels Credit Crunch bite

Dragon's Den Millionaire Duncan Bannatyne has told how the Credit Crunch has left him unable to get credit from his bank.

Bannatyne owns 'Dragons,' the country's largest independent health club chain - but confessed he was unable to borrow money to expand his gym empire.

The health club mogul also said that as the Credit Crunch pushes the UK deeper towards a recession that the Dragons will only be able to invest in smaller projects.

Tightwad Duncan, is usually the last to dip his hands into his pockets and invest in wannabe entrepreneurs on the programme and says things will only get worse.

He said: "I would like to expand, but I simply can't borrow the money in order to do so.

"The situation on that front is really dire and it doesn't matter who you are.''

Bannatyne says the economic downturn will also affect the amount of money the BBC Dragons distribute on the programme.

He added: "We won't be doing the bigger projects anymore and will be mainly investing in the smaller ones."

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