Redruth-based LaserMaster Ltd (www.lasermaster.co.uk) has invested in a Bystronic Expert 100 CNC press brake and a Planar Inspecvision scanner after securing a grant from the Access2Finance programme delivered by Oxford Innovation (OI), which seeks to improve the competitiveness of small and medium-size enterprises.

John Gotts formed LaserMaster in 2002 to provide a laser cutting and profiling service, along with metal folding and bending.

To meet growing customer demand, he sought advice from OI, and the Access2Finance programme was recommended.

He said: “We had such high demand that our only press was working day and night, and we couldn’t complete orders at the rate we prided ourselves on.

"We saw the need for additional equipment, but making a potentially massive investment was difficult. Oxford Innovation not only provided reassurance and guidance on the process but also assisted with the application, ensuring that I understood what was required at every stage.

“As a result, we secured a £56,869 grant, which enabled me to purchase a much-needed press as well as a scanner — another vital piece of equipment for the business.

"We can now create ready copies of items with pinpoint accuracy, as well as quality-control every piece we produce and create templates for the full piece far more quickly than a team of drawers ever could.”

Heather Coupland, OI programme manager, said: “John advised us that he was looking to buy more machinery in order to expand, but that the costs were prohibitive.

"We were able to review the grants available and advise on suitable funds. He expressed reservations, but —with our guidance — he had the necessary support to apply.

"In addition to increased productivity, this has resulted in a number of jobs being created — with more expected in the future.”