Hi Lewis.
What you need is a 'helicoil'. You'll also need the appropriate helicoil tap and helicoil insertion tool.
I'm assuming you don't know what one is. If you do, then sorry.
A helicoil looks very much like a compression spring only it is threaded to accept the original screw.
The stripped hole is tapped out (larger) with the helicoil tap; the helicoil insert is then placed in the tool, which then inserts it into the newly tapped hole. Once in place, you wind the tool backward to snap-off the insertion tag and then continue to wind the tool come all the way back out. Job done.
To be honest, unless you have lots of stripped threads - or intend stripping more! - it may be cheaper to find a local engineering firm to do it for you. It'll take them all of 10minutes to do.