Government Scheme Enables UK Businesses to Invest in Technologies that Drive Efficiency and Increase ROI

Formlabs 3D printer.

As businesses across the UK prepare to ramp up manufacturing capacity as working restrictions are eased, organisations are looking for ways to reduce costs and gain efficiencies within their supply chains.

The ability to remain agile is crucial in navigating through operational challenges and relies on having the right infrastructure and tools in place to adapt to the fast-moving situation.

This is where Formlabs affordable, scalable 3D printing solutions triumph. 3D printing is a versatile solution for a wide range of applications, allowing businesses to produce high precision, functional 3D prints in-house, from pre-production validation to jigs and fixtures to end-use parts. With a typical cost saving of between 90-95% per part, and same-day printing capabilities saving 2-3 weeks vs. outsourcing, the ROI of in-house 3D printing is clear.

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A Crucial Time for SMEs

To help businesses react quickly and implement the technologies needed to succeed, the UK Government has launched a Bounce Back Scheme to help unlock funds to help SMEs streamline processes and invest in the systems required to drive productivity.

“It’s imperative for our customers that we continue working during this period. The pandemic provides a fantastic opportunity for businesses to re-evaluate their operations, processes, and products.” Mark Chester, Innovation Development Manager, PrintCity

Bounce Back Scheme: At a Glance

bounce back loan.

  • The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover and have access to the funds in days.
  • The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.
  • After 12 months the interest rate will be 2.5% a year.

If you’d like to learn more about how 3D printing can help your business innovate faster, increase ROI and limit reliance on third party suppliers, then book a free consultation with a GoPrint3D Additive Manufacturing Expert.

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