3D Printing Service ProvidersMoney & FundingRapid Prototyping

AME Group raises £500,000 from NPIF – Mercia Equity Finance

To help expand its 3D printing production service and target new markets

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According to Rotherham Business News, AME Group has raised £500,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help expand its 3D print production service and target new markets.

AME Group is based in Dinnington, UK, and designs products for many leading consumer brands including Jaguar, Vax, Hornby Railways, and Harris Brushes. The company was founded in 1998 by Ian Jones, who is now the Finance Director, and currently employs 28 staff. AME Group expects to create around ten new jobs in the next two years.

The 3D printing service was initially introduced to produce prototypes, however, following an initial £750,000 investment from NPIF last year, the company has invested in new equipment and is now offering a low-volume production service with rapid turnaround times.

AME Group currently produces components for clients in the aerospace, defense, and the luxury yacht market. The latest funding will enable the company to broaden its product range and target new sectors, as well as meet the growing demand for its design services.

“3D printing is catching on quickly as it enables companies to shorten lead times by manufacturing small batches in the UK, test new product ideas, and respond rapidly to market trends,” said Rich Proctor, CEO of AME Group. “Many businesses are also looking to redesign their existing products to reduce cost or make them more sustainable. And overall, there is a greater appreciation of products and their ability to differentiate a company in the market, rather than relying solely on digital assets.”

“AME Group is recognized as one of the leading product design specialists in the UK and it is now establishing itself as a specialist in 3D print production. This latest funding will enable it to meet growing demand for its services,” said Maurice Disasi, Investment Manager with the NPIF – Mercia Equity Team.

“We are pleased that the Northern Powerhouse Investment Fund is continuing to support high-growth businesses in the North, providing vital funding to aid companies like AME Group to meet market demands, and innovate their services. The development of AME Group’s production and their plans for product expansion is testament to the role NPIF plays in creating a more prosperous regional economy, through the businesses its funds invest into,” said Sean Hutchinson, Senior Investment Banker at the British Business Bank.

The Northern Powerhouse Investment Fund project is supported, financially, by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020, and the European Investment Bank.

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