eligibility checklist

Funds Available

View the full list of funds available

Read more
eligibility checklist

What type of finance do I need?

Our online eligibility checklist helps you see which type of finance might be right for your business.

Read more
13 January 2014

3D print firm in pioneering NHS project wins £860k backing

Press Release 13th January 2014

A Burnley company which is pioneering the use of 3D printing to produce  made-to-measure insoles for the NHS has secured a £860,000 investment from The North West Fund for Venture Capital and Lancashire's Rosebud Fund.

Using the system being developed by FDM Digital Solutions, hospitals will be able to scan a patient's foot shape and email it to the company, which will then print and deliver insoles to the exact specification within as little as 48 hours. The process will replace the traditional hand-made techniques and could revolutionise the way the NHS buys orthotics and other products.

FDM, together with and its partners East Lancashire Hospitals NHS Trust and the University of Salford, have already won grants totaling 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. In addition to its work in the medical sector, FDM Digital manufactures components for the aerospace, engineering, automotive and motor sports industries.

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.

James Saunders, Managing Director of FDM Digital, said: "This new system could improve quality and reduce consultants' time. It's great that Rosebud and The North West Fund for Venture Capital have seen its potential and are backing our vision. 3D printing could transform supply chains in the NHS and other industries. We will become the leading centre of excellence for this new technology in the North West."

Doug Stellman of Enterprise Ventures said: "3D printing allows a radically different approach to manufacturing as can be seen from the healthy order flow being generated from their existing customer base. The technology that FDM is now proposing for orthotics allows the shape and properties of the materials be varied to match the patient's exact needs, as well as pioneering a new lean supply chain model which can be applied throughout the NHS."

County Councillor Niki Penney, Chair of Lancashire County Developments Limited (LCDL) - the county council's economic development company, said: "Through Rosebud, we're encouraging innovative companies to grow and develop. There's great potential for 21st century technology, such as 3D Printing, to create new jobs in exciting new fields of work.

"With more than 25 years' experience, Rosebud is still working hard to support cutting-edge companies in Lancashire from high-growth sectors."

Melanie Yeomans of Ward Hadaway provided legal advice to FDM Digital while Nicola Frost of DWF advised The North West Fund for Venture Capital.

Dr Mike Florence and Dr Mark Tuersley of consultants i-businessFlO worked with FDM Digital from its inception, advising on the company's strategic direction and the grant application.

 

 


Back to article list