Ilkeston laser-cutting firm secures £1.1m funding deal

Ilkeston-based precision laser cutting company, FC Laser, has secured £1.1m in funding from Lombard and NatWest.

The deal has helped fund the acquisition of two cutting machines, which the company says will perform up to three times faster than their predecessor, improve efficiency by 40% and consume less power and gas.

FC Laser recently moved into its own specially designed premises in Ilkeston, which houses Europe’s largest installation of three 10 kilowatt Bystronic Fibre Lasers.

Danny Fantom, managing director at FC Laser, said: “FC Laser is entering an exciting period of growth and innovation, and we are grateful for the role that Lombard and NatWest have played in supporting us throughout the process.

“Our new equipment means we will be able to stay ahead of the curve when it comes to productivity, putting us in a strong position to grow year on year.”