Inkjet tech firm Xaar has opened new premises to house its 3D printing business at Nottingham Science Park.

Following the move, the Cambridge-headquartered company aims to increase annual revenue from £100m in 2016 to more than £200m by 2020.

Xaar has moved into units five and six of the William Lee Buildings, in a deal secured by Innes England.

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Neil Hopkinson, director of 3D printing, said: "3D is an important part of Xaar’s growth strategy. When considering a site for this part of our business we were keen to find an ideal location close to emerging talent.

"Universities in the region are training undergraduates in 3D printing, design and manufacturing, so Nottingham Science Park presented a big opportunity for us to tap into that group.

"We've invested heavily in renovating the new premises and look forward to working with more businesses across the Midlands as we begin to establish ourselves in this new market.

"It’s really exciting to have a presence in Nottingham where many businesses are at the forefront of 3D printing practices."

Councillor Jon Collins, leader of the city council and portfolio holder for strategic regeneration, added: "Xaar's move to Nottingham is a welcome one and shows that Nottingham’s investment in its infrastructure, students and facilities for growing companies is reaping rewards.”