Established in 2018, Ecoanolytes develops environmentally friendly cleaning and sanitising products under its Dew brand, designed to offer a safer alternative to traditional chemical-based cleaners.

Using electrolysed water and hypochlorous acid, a powerful antimicrobial compound naturally produced by the human immune system and commercially replicated, Dew products are made from a mineral-based solution representing the next generation of cleaning and sanitising technology. Natural, non-toxic and hypoallergenic, they can be safely used to sanitise surfaces and hands, clean wounds, and wash fruit and vegetables with no need to rinse.

Ecoanolytes also offers refillable and reusable containers, helping customers make safer, more sustainable choices by reducing single-use plastics and lowering carbon emissions. The business has received a £1m loan from the British Business Bank’s Investment Fund for Scotland via appointed fund manager The FSE Group.

The funding is helping Ecoanolytes boost its operational capacity and expand into international and B2B markets, with plans to create more than 30 new jobs over the next three years. This growth push comes after several months of working closely with FSE, which helped lay the groundwork for this key investment.

With mainstream debt finance currently unavailable due to the projection-led nature of the investment, Ecoanolytes also secured some equity funding to further complement the Investment Fund for Scotland loan, unlocking additional growth opportunities.

Erik Smyth, CEO of Ecoanolytes, said: “This funding has enabled us to scale our operations while reinforcing our commitment to delivering safer, sustainable and highly effective cleaning solutions globally.

“The support from FSE has been instrumental in helping us reach this stage of growth, and securing the IFS loan has strengthened the confidence of potential equity investors.”

David Young, investment manager at The FSE Group, added: “Ecoanolytes boasts an impressive senior team and has already established key connections with major buyers.

“Its product range’s proven effectiveness, along with environmental and safety credentials, make the business a compelling investment opportunity. We are excited to support this next stage of its expansion.”

Sarah Newbould, senior investment manager at Nations & Regions Investment Funds, the British Business Bank, added: “Ecoanolytes is a great example of the type of ambitious innovative Scottish business that the Investment Fund for Scotland seeks to support.

“Its offering reflects a growing global demand for more sustainable and non-toxic alternative and its plans to expand internationally show how Scottish businesses can compete on a global stage. We look forward to seeing the positive impact this investment will have on the firm.”