MSIF has provided Bluebird Support Services with a £25,000 loan from NPIF – BFS & MSIF Microfinance, part of the Northern Powerhouse Investment Fund.
Bluebird Support Services is a provider of innovative support solutions for the professional and financial services sectors and was created in 2016, by co-directors Jayne Smith and Leanne Bentley who have 60 years of experience working in the professional services industry.
Based in Liverpool and London, the business offers a range of innovative support services to professional service firms nationwide. Focusing on outsourcing services for busy law firms and financial advisors, Bluebird Support Services offers four main services to legal firms: dictation transcription, document fixing and formatting, PA services and social media and marketing solutions.
The funding from NPIF – BFS & MSIF Microfinance will be used for marketing and growth capital, allowing the company to expand its service offering to other markets, including surveyors and medical practices.
Jayne Smith, co-director of Bluebird Support Services, said:
“We are delighted that MSIF has the confidence to invest in us. They are hugely supportive, encouraging and enthusiastic. The funding will be invested in our innovative IT strategy to ensure security for our clients’ data and also our marketing strategy to grow our business.”
Andy Jones, MSIF Investment Manager, said: “I’ve really enjoyed working with Jayne throughout the process; she understands the legal sector, its demands and protocol and has helped to build a business that supports the sector fully. The services are great and the initial year of trading has proved there is a real demand for their support services in Liverpool and nationwide. The funding provided will enable Bluebird Support Services to market more effectively and grow. I expect to see the business expanding their offering into a range of new markets in the future.”
Sue Barnard, Senior Relationship Manager at British Business Bank, said: “The team at Bluebird Support Services has a great deal of experience in the legal sector and has developed a truly innovative offer. We are pleased to provide the funding to allow the company to invest in growth and expand its services across new markets, and we are delighted that our work through MSIF and our other partners continues to provide the resource small businesses need to reach their potential.”
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
The MSIF group of funds are managed by Alliance Fund Managers Limited which is regulated by the Financial Conduct Authority in the course of investment business. Financial Conduct Authority Registration Number is 180891.
BFS Funding Managers Limited is regulated by the Financial Conduct Authority as a Small Authorised UK AIFM under firm reference number 608682.