Shipping area 3D printing and design business grows with £ 51,000 investment

Sam Gribben, owner of SGD 3D Printing, received funding from First Enterprise – Enterprise Loans through the Community Investment Enterprise Facility (CIEF) backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

Sam started SGD 3D at Bulwell in 2018 after six years in the printing industry.

Despite an impressive portfolio of clients such as Network Rail, 3D printing specialists needed funding to purchase new printing machines in order to increase production and reduce manufacturing costs.

This allowed them to have more competitive prices and to target larger contracts.

Sam said, “Without funding from First Enterprise – Enterprise Loans, we would not have been able to invest in our new Formlabs SLS printer and diversify and expand SGD 3D as the early bottlenecks affected orders.

“The new printer will allow us to print ten times more items than our previous printers, which will allow us to target more SME orders with larger runs than individual hobbyists.

Stefan Nycz, Chief Investment Officer at First Enterprise – Enterprise Loans, said: “We are delighted to be able to support Sam in his technology expansion and investment.

“He has a wealth of knowledge and expertise in 3D printing and it’s great to help him develop SGD 3D following the purchase of their new printer.

Alastair Davis, Managing Director of Social Investment Scotland, said: “At Social Investment Scotland we are delighted to see this loan granted to SGD 3D to enable it to grow its business.