Former Dragons' Den star Richard Farleigh told Daybreak he views foster care as "society's band-aid".
Farleigh, who was taken into foster care at an early age, said fostering "repairs cases and puts children back into society".
He said being fostered "completely changed my life":
The charity Action for Children has launched a campaign to dispel the most common 'myths' that prevent people from becoming foster carers.
These 'myths' are:
- Renters cannot foster
- Only those in full time employment can foster
- Those who are gay cannot foster
- Men cannot foster
- Over 55s cannot foster
Read more: Shortage of foster carers
The charity Action for Children is warning the Midlands is facing a shortage of 1,450 foster carers this year.
The charity says they are 'on course for a crisis' and are encouraging more people to consider fostering one of the 5,200 children in care in the region.
– Mark Kingston, Action for Children
With myths preventing people from coming forward, and the public not knowing the true extent of just how many children are currently in care, we are on course for a crisis.
There is an urgent need to tackle these misconceptions to move children into loving homes so they have the stability they need.
With the UK's population at an all-time high, sadly the number of children coming into care will continue to rise, and so will the need for carers.
The Midlands is facing a shortage of 1,450 foster carers this year, according to Action for Children.
The charity is encouraging people to consider fostering one of the 5,200 children in care in the region by dispelling myths about who can take on a child.