A businessman with close ties to Farnham has been appointed an Officer of the Order of the British Empire (OBE) in the King's Birthday Honours List for services to business growth and impact investing.

Philip Newborough, co-founder and lately chief executive of Bridges Fund Management, is recognised as one of the pioneers of impact investing in the UK a discipline that seeks both strong financial returns and positive outcomes for people and the planet.

Newborough is also chairman and co-founder of Hurlands Pickleball and Padel Club in Farnham, a venue built around community, wellbeing and connection through two of the world's fastest-growing racket sports, chosen for their accessibility regardless of age or ability.

He said: "Whether in business, investment or community projects, I've always believed that success is ultimately about people. Hurlands is an example of that philosophy in practice."

As co-founder of Bridges Fund Management, Newborough helped build one of the country's leading impact investment firms over more than two decades. Bridges has raised in excess of £2 billion and backed hundreds of businesses, properties and social projects combining commercial success with measurable social and environmental benefit.

During more than 20 years as chief executive, before becoming executive chairman, Newborough led many of Bridges' early investments, including The Office Group, The Gym Group, The Hoxton Hotel and VivaGym.

Reflecting on the honour, he said: "I am deeply honoured to receive this award, although I see it as recognition of a much wider movement.

"When we founded Bridges more than 20 years ago, many people believed there had to be a trade-off between financial returns and positive impact. We recognised it was possible to achieve both."

He added: "I have been fortunate to work alongside some remarkable people throughout my career, and I share this recognition with them."