Grant cheer for Metalysis

A consortium led by titanium specialist Metalysis has won a grant of £862,000 from the government’s Technology Strategy Board (TSB).


A consortium led by titanium specialist Metalysis has won a grant of £862,000 from the government’s Technology Strategy Board (TSB).

A consortium led by titanium specialist Metalysis has won a grant of £862,000 from the government’s Technology Strategy Board (TSB).

South Yorkshire-based Metalysis will use the funding to scale up its technology for the production of titanium powders through a patented process, to which it owns the global rights.  

Other members of the consortium are the Universities of Newcastle and Sheffield and TWI, a research and technology organisation.

The TSB grant follows a £5.1 million funding round for Metalysis in May, in which all of the company’s existing venture capital backers reinvested. During the last five years, the company has raised £19 million in venture capital and £4 million in grants.

The next step for Metalysis is to set up a pilot plant in a two-year project intended to prove the commercial quality of its products, according to chief executive Mark Bertolini.

Adds Bertolini, ‘This opens up a new route to manufacturing titanium powder which can be directly consolidated into sheet products whilst delivering massive reductions in capital and operational expenditures, as well as very substantial environmental benefits.’

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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