Businesses here are focused on developing and scaling the production of industrial 3D printing equipment. Often, they require significant investment in R&D, prototyping, and manufacturing infrastructure.
Initial Thoughts to Funding Routes
– Focus on innovation grants, VC funding, and export support
– Apply for government R&D grants to develop next gen AM systems.
– Consider strategic investment from major industrial firms.
– Use equipment leasing models to make machines more accessible and boost adoption.
Recommended Funding Routes
Description: Innovate UK offers grants for R&D projects that drive innovation in manufacturing technologies, including additive manufacturing.
Eligibility: UK-based businesses of any size working on innovative projects.
Application Process: Applications are submitted through the Innovation Funding Service.
- Link: Innovate UK Funding Opportunities
Description: AMSCI supports collaborative projects that strengthen the UK manufacturing supply chain.
Eligibility: Consortia of UK-based manufacturers, including machine manufacturers.
Application Process: Details are typically released during specific funding calls.
Link: AMSCI Information
Description: Asset finance allows businesses to acquire equipment through leasing or hire purchase agreements.
Eligibility: UK businesses investing in manufacturing equipment.
Application Process: Apply through asset finance providers.
- Link: Close Brothers Asset Finance, Paragon Bank, assetsfinance.co.uk
Description: Tax relief for companies investing in research and development activities.
Eligibility: UK companies undertaking qualifying R&D projects.
Application Process: Claimed through the company’s Corporation Tax return.
Link: R&D Tax Relief Guidance
Description: Supports R&D in the UK aerospace sector, including additive manufacturing technologies.
Eligibility: UK businesses involved in aerospace R&D.
Application Process: Submit an Expression of Interest (EOI) followed by a Full Stage Application if invited.
Link: ATI Programme,Aerospace Technology Institute,Innovation Funding Service, Aerospace Technology Institute
Description: Provides financial support to UK exporters, including guarantees and insurance.
Eligibility: UK-based exporters.
Application Process: Contact UKEF to discuss support options.
Link: UK Export Finance