The Scottish National Investment Bank (SNIB) has appointed Al Denholm as its new chief executive officer. Mr Denholm, a seasoned asset management professional with over 36 years of experience, previously held executive and senior investment leadership positions at major financial institutions like P
Scottish National Investment Bank
Clean energy company Verlume has secured £7.2 million in funding, with £6.6m provided by the Scottish National Investment Bank, to support its expansion plans. The Aberdeen-based firm specialises in intelligent energy management technology that enables a constant power output from renewa
Scottish native cloud platform specialist, Forrit, has received a £5 million funding boost from the Scottish National Investment Bank. The investment will enable the Edinburgh-based technology developer to grow its workforce and target new markets.
The Scottish National Investment Bank has invested a further £20 million to help connect 100,000 rural homes to ultrafast fibre broadband. The bank originally provided cornerstone funding of £20m to Lothian Broadband Networks (LBN) in 2021. LBN will use the additional funding to complete
The Scottish Government has allocated a further £25 million from its Just Transition Fund to support the energy transition in the North East, with the goal of making the region a global leader in net zero efforts.
Glasgow real-estate analytics firm Utopi bags £5 million, targets global expansion and net zero future
Real-estate data analytics platform Utopi has received a £5 million investment from The Scottish National Investment Bank. The investment will create 50 new jobs at the Glasgow-based company, which specialises in energy consumption monitoring technology, and will use The Bank’s support t
The launch of the Scaling Up Summit, taking place later this month in Edinburgh, has been announced as part of a partnership between The Scottish National Investment Bank, The Times and The Sunday Times.
Digital health company PneumoWave has announced the closing of a £7.5 million Series A financing. The funding for the Eurocentral-headquartered company will be used to continue clinical trials of its biosensor technology that monitors potential fatal respiratory changes.
Bio-based construction materials manufacturer Industrial Nature Ltd has secured a follow-on investment of £2 million from the Scottish National Investment Bank. The £2m investment comes after the Edinburgh-based firm successfully established the IndiNature Mill in the Scottish Borders an
North Star has secured a £140 million financing package to support the next phase of its offshore wind growth plan.
Charities and third sector organisations working with some of the most vulnerable people in the community, can now access a multi-million-pound fund backed by the Scottish National Investment Bank (SNIB). Social and Sustainable Capital (SASC) provide finance for improving lives by backing organisati
Environmentally friendly space rocket manufacturer and satellite launch provider Orbex is preparing to expand its operations after it received a £17.8 million investment from the Scottish National Investment Bank. The scale-up support, which is part of an overall £40m Series C funding ro
Eilidh Mactaggart, the former chief executive of Scotland's state-backed investment bank, The Scottish National Investment Bank (SNIB), was paid more than twice as much as First Minister Nicola Sturgeon. The SNIB's first year results have revealed that Ms MacTaggart received almost £350,000, d
Invest2Scale has announced key sponsors which will be supporting next month’s inaugural event where revenue-generating, scalable Scottish companies will be showcased. The list of sponsors includes MarktoMarket, British Business Bank, The Scottish National Investment Bank, Cazenove Capital, and
A derelict brownfield site in the west of Edinburgh is to be transformed into a multi-purpose country park and leisure facility with £26 million backing from the Scottish National Investment Bank (SNIB) The Wavegarden Scotland redevelopment of the disused Craigpark Quarry near Ratho will see t