Deborah Meaden replaced Rachel Elnaugh as a dragon on the BBC programme Dragons' Den.
Meaden is an English businesswoman and investor who joined the British panel in the second series. Before becoming a television investor, she had built experience in family businesses, leisure and property. Her direct questioning and emphasis on clear commercial returns made her a particularly recognisable figure in the programme.
Rachel Elnaugh was an original dragon in the first series, so the two investors belong to successive stages of the show's early history. Meaden's arrival did not create the British programme, but it established a long-running panel presence that continued for many years.
The word “replaced” refers to the television panel, not to ownership of Red Letter Days or to a transfer of Elnaugh's business. Dragons are selected by the programme as investors, and each has an independent business career outside the studio.