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Finance for Fit-Out: Bloomsbury Institute

Finance for Fit-out: Bloomsbury Institute

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Background

Bloomsbury Institute is a for-profit higher education provider in central London, offering undergraduate and postgraduate degree courses in Business, Accountancy, and Law.

Bloomsbury Institute offers students from all backgrounds the opportunity to define and pursue success through education. The Institute was founded in 2002 as the London School of Business and Management and adopted its current name in 2018.

Challenge

During the COVID pandemic, the Institute reduced their three sites down to one and teaching was carried out online throughout this time due to the lockdown. As face-to-face classes resumed, a need for further office space arose. A new site, located above Great Portland Street tube station, was identified that would house academic and support staff as well as Bloomsbury Institute's own Student Guild.

Teacher and student reading a document together

The Solution

In wanting to spread the cost of the refurbishment of the new office space overtime, Bloomsbury Institute were looking for the best financing options available in the current climate. Bluestone were able to deliver a bespoke finance solution that meant Bloomsbury Institute could spread the cost of the fit-out over time. It comprised a 3-year finance agreement. The new site will significantly enhance student experience as students will be a 2-minute walk away from their classes when they need 1-2-1 support from their lecturers and other staff.

“Bluestone provided excellent service, they visited our offices, understood our needs and came up with the best solution for us. They liaised with all relevant parties and always kept us informed of progress throughout.”

Shabnam Karim, Finance Director

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