3D print company set for further growth with £300,000 backing

A Burnley company which is a pioneer in the field of 3D printing has received further funding of over £300,000 from investors as it continues to grow.

FDM Digital Solutions produces components for high-tech industries including aerospace and Formula One.

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 two funds two years ago.

Using the latest 3D print techniques – or additive manufacturing as it is also known – FDM Digital can capture data from any shape and use it to create bespoke items. Products can be dispatched in the customer’s own packaging and delivered directly to end users, thus providing a lean supply chain solution.

Peter Rooney of Enterprise Ventures said: “FDM Digital’s team combine practical engineering knowledge with computer design skills and have a deep understanding of the technological capabilities of 3D printing. This has made them a partner of choice for manufacturers that are turning to 3D printing to develop innovative new products and re-engineer existing products. Our investment has been critical in supporting the rapid growth of the business over the past two years and will allow it to continue expanding.”

It is managed by Enterprise Ventures, on behalf of Lancashire County Developments Ltd (LCDL) - the county council's economic development company.