The Dragons are off to the Midlands, Oxfordshire, North Lincolnshire, Cambridgeshire and Essex to discover whether business is booming, or if the recession has dampened the spirit of entrepreneurialism in our cities, towns and villages.

The Dragons catch up with the band Hamfatter to find out how the Den's first rock investment is doing. Duncan pops in to sign the deal with one of the stars of the 2009 series, Sharon Wright, who came to the Den with an invention for putting cables through walls.

Deborah checks up on a very flamboyant interior furnishings company, while James pays a visit to one of his investments whose business plan had to be totally revamped because of the economic climate.

Finally, Theo meets up again with one of the Den's most successful entrepreneurs to find out why her Road Refresher dog bowl was apparently good enough for the President of the United States, but not for the Dragons!