Agreed, I use a 240 in, 415 out 3HP Teco to run my lathe and mill. Expensive but so is fannying about with motor swaps.
Wedgie,
Your and other peoples replies were definitely food for thought.
I spent a good while today looking for 220v to 380v vfds this afternoon and really struggled. Loads of really badly advertised Chinese junk that the seller had no idea about. "Single phrase" anyone? Some didn't appear to be earthed. Others, possibly subject to import taxes and long delivery times. I still wasn't confident about what was being sold and if they died on me it was money down the drain. I looked at British retailers such as Inverterdrive and they didn't seem to stock anything that would would run 400v from 220v single phase.
I suspect I'm in a funny segment in the market as I need 380v/415v at a low power rating (.55kw or effectively .75kw). After a bit of a search I think I might be best getting a cheapish vfd and swapping the motor at a later date. At least this way I can be sure the VFD and motor will work.