The Yorkshire based 3D printing and product development consultancy, AME Group, has secured an impressive £750,000 investment from Northern Powerhouse-backed company, NPIF-Mercia Equity Finance, to launch the new 3D printing and Low Volume Production brand, AME-3D.
This is the first major investment in AME Group’s over 20-year history and will enable the company to implement key growth plans, which also include hiring ten new staff, acquiring new equipment and launching two new brands. The first new brand is AME-3D, the 3D Printing and Low Volume Production Powerhouse.
This brand will focus on providing 3D printing for manufacturing and prototyping services to Yorkshire and UK businesses. It will also expand into small batch unit production, also known as Low Volume Production, and in direct manufacturing with dropshipping services.
The investment and new brand mark an important turning point in the company’s overall journey.
Ian Jones, AME group founder, now finance director, said: “New technologies such as 3D printing have opened up new possibilities in product development and testing. As a result, the rapid prototyping market is expanding year-on-year.
“With the new AME-3D brand fully dedicated to unlocking the potential that 3D printing and Low Volume Production offers, our team can support UK businesses with longer-term growth and with their post-Covid bounce-back plans.”
Maurice Disasi of Mercia said: “AME has performed strongly since its inception and established itself as one of the leaders in its field. As the company embarks on a new period of growth, this funding will enable it to take advantage of the exciting opportunities in the rapid prototyping market and to widen its customer base.”
Sean Hutchinson of British Business Bank said: “AME is a growing Northern business working with a strong portfolio of respected brands across a range of sectors. NPIF is proud to play a part in helping businesses like AME reach the next stage in their growth journey.
“By investing in ambitious successful companies, we are helping to create new jobs, safeguard others and support regional economic growth allowing business communities to fulfill their potential.”