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Cheshire 3D printing firm hits £4.5 million turnover

Daresbury’s LWP Technology, founded at the Sci-Tech Daresbury enterprise zone in 2012, has hit £4.5 million turnover this year.

The firm, who employs 40 people, praised Daresbury’s Enterprise Zone for being pivotal to its success.

The zone is home to more than 100 hi-tech companies, including LWP Technology, Perceptive Engineering and Enhanced Hydrocarbon Technologies.

LWP Technology was founded by academic researcher Phil Carroll and the firm now enjoys a 30 per cent market share in its sub-sector and estimates its value to the local economy is around £1.5 million.

Phil said: “The enterprise zone had the vision to take a risk on a start-up working on tomorrow’s technologies, today.

“Bringing our product to market required that we move off the zone and into the manufacturing sector.

“UKTI helped us to break into global markets.”

Sci-Tech Daresbury is providing a platform for modern manufacturing and technology companies to thrive.

This includes, world class science facilities and the UK’s most powerful supercomputer.

In January the Government announced £3.5million of infrastructure funding for the enterprise zone.

The additional investment will support the expansion of Daresbury Science Park.

Communities Secretary Eric Pickles said: “Enterprise Zones are proving that our long-term economic plan is on track, creating thousands of jobs, attracting billions of pounds of investment and proving Britain is a great place to do business.

This was posted in Bdaily's Members' News section by Sophia Taha .