mmi-blue-speck-financial-bristolMMI Holdings, one of the largest financial services groups in South Africa, has announced large scale investment in Bristol-based financial services marketing firm Blue Speck Financial. They hope to bring 100 new jobs to Bristol in the next 3 years with the opening of a new 120-person facility.

The announcement was made by Prime Minister David Cameron at the UK Investment Summit in Wales on Friday.

Tech firms pour into Bristol

MMI has become the latest global business player to invest in the Bristol and Bath regions tech cluster – the only UK region outside of London to be named ‘internationally-significant’ and ‘high-growth’ in a recent Centre for Cities/McKinsey & Co report .

They follow Twitter’s acquisition of SecondSync and Facebook’s of power drone maker Ascenta, as well as the announcement of new Bristol bases for Somo, Huawei  and JUST EAT.

Toby Hughes, CEO of the recently acquired Blue Speck Financial, said: “Bristol has two great universities, strong creative, tech and financial services industries, and good links to London. Incubators such as SETsquared, voted one of the three best in the world, make Bristol a great place to accelerate a tech-focussed business. There’s a wealth of talent in Bristol and it’s one of the best cities in the UK for a work-life balance.”

Why Bristol?

Matthew Cross, head of inward investment at Invest Bristol & Bath, the agency responsible for attracting companies and jobs to the region, said: “Bristol and Bath’s tech cluster is a highly attractive investment proposition for global businesses seeking to set up a base in a fast-growing hub of technological innovation with internationally-recognised credentials and an exceptionally collaborative community of businesses across interlinked sectors. “

“It is testament to the quality of the tech sector in Bristol and Bath that global players such as MMI Holdings are investing in not only acquiring businesses here, but growing them in situ”

 

Mr Cross added: “It is testament to the quality of the tech sector in Bristol and Bath that global players such as MMI Holdings are investing in not only acquiring businesses here, but growing them in situ.”

Invest Bristol & Bath has helped to create more than 1,200 jobs in the West of England region since its inception in January 2013, new figures showed recently, boosted significantly by increasing interest from major tech firms in investing in the area.

Other investment projects to have been secured in the West of England region recently include: Kainos, the specialist independent software company from Belfast, which has opened an office in Bristol city centre; and Sanoh, the international automotive industry manufacturer originating from Asia, which has opened a new site in Bristol.

Want to know more? See the Blue Speck Financial  and Invest Bristol and Bath websites. You can also follow them on Twitter at: @BlueSpeckLtd and @investbrisbath