WATERLOOVILLE, HAMPSHIRE, UK -- Spirit Circuits will invest £4.1 million ($5.47 million) in new funds toward expanding its already fast-growing PCB fabrication business.

The new funding, which comes from Bibby Financial Services, will spearhead annual growth of 20% by 2019, Spirit says.

Spirit designs and manufactures boards in the UK, and also builds them in Romania. "2017 has been a very strong year and has put us in a position to capitalize on a positive outlook for the next 12 months," Spirit chief executive Steve Driver told local media.

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