you can run approx a bar of boost through an a bog std M20 without many issues.
I have done a an M20B27 turbo and its not cheap... IF it was cheap and easy everyone would be doing it its cost approx10K to fully make the car handle the power.
if you go faster you need to be bale to handle it and stop it it is very expensive.
I would say just go get a Holset from some where with an ebay manifold with the required manifold strengthing bar to the iner wing and a relativly cheap ecu squirt or something similar
Or on the other hand you could just buy all my running gear...

SEE WEBSITE fastbimmer.co.uk under project fridge for all work that needs to be carried out
which is for sale PM for details
BUT you cannot doit for less than 3-4K for a smallish boost set-up unless you can do it all yourself.
many have tried and failed trust me i have seen some of the epic failures
Hope that helps