Blue Wren secure NPIF funding for significant expansion plans
Preston-based software developer Blue Wren secured a £50,000 investment from NPIF – GCBF & MSIF Microfinance to fund a significant expansion of the company over the next three years.
£25k of the investment was facilitated by GC Business Finance and £25k was delivered by Lancashire’s Rosebud Microfinance. Investing the £50k funding this year will put Blue Wren firmly on track to increase turnover to £2 million by 2021.
Run by MD Michael Lough and Technical Director Phil Hodson and employing 18 people in their Preston offices, Blue Wren builds software and mobile applications that improve business productivity. This new funding will enable them to create three new jobs across technical support, project management and business development; as well as investing in marketing for two SaaS (Software as a Service) products they are also developing. Blue Wren also deliver website development and hosting, working with clients across the UK.
Blue Wren Managing Director Michael Lough said:
“We were introduced to GC Business Finance by the Lancashire A2F team and they immediately saw the opportunity. Thanks to this loan we can invest in our team and bring a range of new products to market that will enable us to reach even more organisations and create lasting positive change.”