Metal Fabrication and Engineering specialist secures £1.5 million funding package
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Ilkeston based FC Laser aims to increase production and embark on a programme of growth following substantial cash injection from MEIF.
FC Laser specialists in engineering and metal fabrication, has received a £1.5 million loan from the Midlands Engine Investment Fund, the East & South East Midlands Debt Finance fund, and Coronavirus Business Interruption Loan Scheme (CBILS) managed by Maven. The business will use this capital injection to purchase specific technology to enable automation and expansion in some of its key processes at its two sites in Derbyshire.
The business provides precision laser cutting and metal fabrications that incorporate the latest in fibre technology. The company’s investment in machinery will enable the cutting of a variety of metals to ISO 9001 standards and allow the business to be recognised as one of the national leaders in British laser cutting. F C Laser has completed several national projects and supported an impressive list of clients from a variety of sectors including: Nottingham University, Countrywide Property Services, Sapphire Balconies and Notts County Football Club.
With the funding provided by MEIF Maven Debt Finance, the business aims to become even more efficient so it can deliver on a greater range of projects across the UK. FC Laser are another good example of an East Midlands based business that is growing within Nottingham’s thriving engineering space.
FC Laser was founded in 2011 and is backed by a strong management team that has over 20 years combined engineering and commercial experience.
Richard Altoft, Investment Director for Maven comments: “This is an established, growing business with an experienced management team and strong client base with plans to continue to grow the business further. Maven is delighted to provide funding to enable the company to achieve its continued growth plans in the years ahead."
Danny Fantom, Managing Director at FC Laser Ltd adds: “The ongoing investment we continue to make into our machinery will allow FC Laser to keep up with our rapidly growing customer demand. The expansion of our Ilkeston site cements our Business as the Fastest Growing Precision Laser Cutter in the UK.’’