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Next generation solvent technology manufacturer secures expansion loan

 

A Maidenhead based business specialising in the manufacturing and design of a range of solvent solutions used with energy efficient cleaning machines is set to expand with the help of a Thames Valley Berkshire Expansion Loan. Safe Solvents was established in 2015 with the aim of developing a revolutionary high performance, non-toxic and non-flammable aqueous based detergent.

The products developed by the company are designed to replace the dangerous hydrocarbon-based solvents and outdated technology that is still widely used across the parts-washing market. These environmentally friendly solvent replacement solutions are used across many different sectors, including UK Motorsport, Military, Aviation and Automotive. The machines that have been developed are the most energy efficient on the market and are the only plug and play systems of their kind, requiring no extraction or plumbing.

The funding will be used to finish the development work on a new range of equipment, with a strong focus on direct marketing campaigns to actively promote the new range to their target market. The company also plans to increase their employee numbers with the expansion of their business development team.

Tom Sands, Managing Director at Safe Solvents, “It is our mission to develop usable, effective, and sustainable alternatives to all toxic solvents with safer formulations for the safety of users, the general public, and the environment. We have over 70 years’ experience in the chemical development and cutting edge mechanical engineering sector and our team have developed the most advanced solution currently available on the market. The funding will allow us to scale up the operations side of the business and expand our reach to new clients across the country.”

Ian Baker, Senior Fund Manager at The FSE Group, “Tom and his team have achieved a great deal over the last year in terms of product development and expanding their customer base and we are thrilled to be supporting them. With extensive planning and field testing, Safe Solvents have emerged as market leaders in their field. This is just the kind of company that the expansion loan scheme is here to support and we hope it will be the start of a long and successful journey.”

The Thames Valley Berkshire Funding Escalator is a £8.3m initiative funded by Thames Valley Berkshire LEP to support job creation and economic prosperity in Berkshire. The escalator, which includes four different loan schemes and a growth equity fund, provides eligible companies – from start-up to established – with loans and equity funding between £25,000 and £250,000 for activities that will deliver high-growth and employment opportunities.

01 August 2017 Enterprise & InnovationBusiness Support & Funding