We have advised AME Group on a deal that sees them raise £750,000 as part of growth plans.
The Sheffield company designs products for many leading consumer brands has raised the money from npif – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (npif).
Lucy Holroyd provided legal advice to AME on the investment and is a boost to the manufacturing and 3D printing sectors.
AME Group, one of the UK’s leading independent product development consultancies known for progressive prototyping technology, work with high-profile brands including Jaguar, Hornby Railways, Vax, Smith & Nephew medical equipment, Harris Brushes and B&Q Performance power tools. The firm plans to create ten jobs and invest in new equipment to support its growth.
Over recent years, AME have seen a growing demand for its rapid prototyping service, ranging from the creation of one-off models for testing purposes to small-batch production of high-value products such as marine components and medical equipment. As a result of the investment it plans to expand its range of 3D print and low-volume production equipment at its base at the former Dinnington Colliery.
Founder Ian Jones, who is now the company’s finance director, said: “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. This funding will allow the company to benefit from the post-Covid ‘bounce’ and the longer-term growth in demand.”
“It’s great to work with our client AME and see them grow through challenging times. Their continued strength in the manufacturing and prototyping fields is paving the way for an exciting future. This funding will enable them to widen their customer base, create new jobs and develop their own branded products. I wish them all the very best.” Lucy Holroyd.
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