A Burnley company, which is a pioneer in the field of 3D printing, has received further funding of £300,000 from investors as it continues to grow.
FDM Digital Solutions, based in Bancroft Road, produces components for high-tech industries including aerospace and Formula One.
It is also the lead partner in a major NHS research project developing a way to manufacture insoles digitally, based on scans of patients’ feet, to help reduce the number of amputations among diabetics.
Graeme Bond, chief executive, said: “The funding we have received has put us ahead of the field by allowing us to invest in the very latest technology.
“We are committed to driving the uptake of digital manufacturing technology in industry and believe the key is working closely with selected customers to educate them on the benefits.”
The investment has come from Lancashire’s Rosebud Finance and the North-West Fund for Venture Capital, both of which are managed by Enterprise Ventures. The company received a £860,000 investment from the funds two years ago.
Founded in 2012, FDM Digital employs eight staff and now has the largest and most up-to-date range of 3D printers in the UK.
Rosebud provides loan and equity finance for businesses such as aerospace and advanced manufacturing, healthcare, creative and digital, energy and environmental technology, and financial and professional services.
It is managed by Enterprise Ventures, on behalf of Lancashire County Developments Ltd, the council’s economic development company.