Expansion on the cards at Prime Document

Expansion on the cards at Prime Document

The Greater Manchester Loan Fund (GMLF) has made a £500,000 investment in Prime Document, a Bury-based provider of document management services, as it expands in a growing sector.

Prime specialises in producing and distributing business critical documents such as invoices, pay slips, pension and tax statements, which are required to comply with industry regulations or legislative requirements. Clients include a wide range of large and mid-market companies, government bodies and NGOs. paramount to delivering commercial advantages.

Today’s investment will help Prime grow its current footprint in the outsourced EDM sector and further develop its digital document management platform, Ecco. This platform has been designed specifically to provide clients and client customers with immediate, on demand, access to their business critical financial documents.

The funding from the GMLF will also safeguard the existing 17 staff and assist the business to grow its headcount over the coming years.

Launched in August 2013 by the Greater Manchester Combined Authority (GMCA), the has invested over £10 million in 22 local businesses, and has the funding to invest up to £10 million more.

Martin Hurley, managing director at Prime Document, added: “The UK market is on the verge of realising the benefits to be gained from using the various electronic multi-channels to move business critical information around in a less expensive and more efficient manner than traditional print and post.

“With the backing from the GMLF we see Prime Document as being perfectly placed to capitalise on the opportunity to deliver innovative, industry leading services to our existing and future customer base."

Mike Blackburn, Chair of GM LEP, said: “This is a good investment into a local company that provides a service that is at the heart of everything business. This money will safeguard jobs and enable them to grow in the future.”

Cllr Rishi Shori, Leader of Bury Council, said: “This investment is a great boost to the local economy, safeguarding existing jobs and providing further employment opportunities. Organisations like Prime exemplify why Bury is a great place to do business.”