NAA Member Company Profile: FDM Digital Solutions – 3D print firm wins £860k backing
A Burnley company which is pioneering the use of 3D printing has secured a £860,000 investment from The North West Fund for Venture Capital and Lancashire’s Rosebud Fund
FDM, together with its partners, has already won grants totalling almost £1m from the Technology Strategy Board and EPSRC to help them develop the supply chain. This latest funding will enable the company to invest in the latest 3D technology to allow it to fulfill future orders.
Using 3D printing – or additive manufacturing as it is also known – objects are created layer-by-layer to replicate an exact design using CAD. FDM Digital manufactures prototypes, jigs, fixtures and end use parts for industries such as aerospace, engineering, automotive, motorsports and medical using soluble core technology. It also offers 3D scanning and reverse engineering services.
The company was established in 2011 by James Saunders, who has a background in operations management within the advanced materials sector, and Graeme Bond, who has over 10 years’ experience of 3D print techniques.
Lancashire County Council’s Rosebud Fund has provided £172,000 while the North West Fund for Venture Capital has invested £688,000. Both funds are managed by Enterprise Ventures. The North West Fund for Venture Capital is part of the £155m North West Fund and is financed jointly by the European Regional Development Fund and the European Investment Bank.
For more information contact:
FDM Digital Solutions Ltd
Tel: 01282 872370