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NOTTINGHAM 3D PRINT AND DESIGN COMPANYEXPANDS THANKS TO £51K INVESTMENT

NOTTINGHAM 3D PRINT AND DESIGN COMPANYEXPANDS THANKS TO £51K INVESTMENT

A Nottingham company specialising in 3D printing and design services has expanded thanks toa £51,000 investment.

 

Sam Gribben, owner ofSGD 3D Printing,received the funding from First Enterprise–Enterprise Loans through the Community Investment Enterprise Facility (CIEF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

Sam set up SGD 3D in 2018 after six years in the printing industry. Based in Nottingham, they provide a 3D printing and design service through FDM (Fused Deposition Modelling) and SLA (Stereolithography) printing. The printing uses a range of different materials suitable to any application including recycled materials, helping individuals and businesses to reduce their carbon footprint.

Despite having an impressive portfolio of clients such asNetwork Rail, the 3D printing specialists needed funding to purchase new printing machinery to increase  productionand reduce manufacturingcosts. This has enabled them to be more competively priced and target larger contracts.

Sam Gribben, founder and director ofSGD 3D, said:

“Without the funding from First Enterprise – Enterprise Loans, we wouldn’t have been able to invest in our newFormlabsSLS printer and diversify and expand SGD 3D as the first lockdowns affected orders.

The new printer will allow us to print 10 times more items than our previous printers, allowing us to target more SMEsorders with larger print runs than individual hobbyist orders.”

Stefan Nycz, Investment Manager at First Enterprise – Enterprise Loans, commented:

“We’rethrilled to be able to supportSamwith his expansion andtechnology

investment. He has a wealth of knowledge and expertise in 3D printing and it’s great to help him grow SGD 3D following the purchase of their new printer.”

Alastair Davis, Chief Executive atSocial Investment Scotland, said:

“At Social Investment Scotland, we’re delighted to see this loan being made to SGD 3D to allow them to scale up their activity. The CIEF has been designed to support SMEs scale up activity but also their impact and it’s encouraging to see the difference the loan from First Enterprise- Enterprise Loans will make.”

First Enterprise – Enterprise Loans provide government-backed finance to businesses across the East Midlands and South East Midlands with lending ranging from £500 to £250,000.

The Coronavirus Business Interruption Loan Scheme (CBILS) was managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The scheme ended on 31 March and has been replaced by the Recovery Loan Scheme.

CIEFsupports charities, social enterprises and other businesses wanting to a create a better, sustainable future with business loans ranging from £50,000 up to £100,000.


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