A SHEFFIELD company that lays claim to being the only business in the region using lasers to cut complex shapes in tubes has almost doubled its capacity with help from Finance Yorkshire.
The Laser Cutting Company, celebrating its 30th anniversary this year, invested in machinery that is the first of its kind in the UK.
Managing director Jon Day said: “Our machines are constantly being reviewed, updated and maintained to ensure that our customers get the fastest and most reliable service at the best price.
“We already have a large capacity but this new machine will almost double that. It will also enable us to expand our range of services further.
“It is a state-of-the-art machine that will allow us to cut sections including beams and channels up to eight metres long and means we can take on complex jobs while ensuring precision and accuracy.”
Finance Yorkshire has invested £25,000 in the firm, which, combined with asset finance provided by HSBC, enabled The Laser Cutting Company to buy the machine, developed by German laser specialist Trumpf.
Ian Howson, investment manager at Finance Yorkshire, said: “This investment is a great example of how we can fill the lending gap to help businesses meet their needs for growth.”
It was one of the first companies in the country to cut materials with lasers and makes tubular, sheet and flat metal parts for customers in a range of sectors, including aerospace, architecture, construction, automotive, medical and retail
Finance Yorkshire provides loans and equity investments, from £15,000 to £2 million.