Scottish National Investment Bank

The Scottish National Investment Bank (SNIB) has reported an unrealised paper loss of £77 million in its latest annual report, attributing the figure to valuation changes across its portfolio in a “challenging economic context". Despite the loss, the taxpayer-owned bank highlighted its o

Edinburgh-based broadband company, GoFibre, has completed a £125 million funding round that will support its delivery of two Project Gigabit contracts in the south and north east of Scotland, covering the Borders, East Lothian, Angus, Aberdeenshire and the Moray coast. The round is led by a &p

Rural communities across Scotland are in line for an economic boost in the wake of a new £50 million investment in Highland Broadband’s ultra-fast broadband network. Scotland’s Deputy First Minister Kate Forbes is set to unveil the new capital secured by the Edinburgh and Inverness

Clean technology company, Innovatium Group Limited, has secured a £3 million investment from the Scottish National Investment Bank (SNIB) and Hitachi Industrial Equipment Systems (HIES). The funding will support the East Kilbride-based company to accelerate the deployment of its patented, PRIS

Glasgow-based data and property technology firm, Utopi, has received a further £5 million investment from the Scottish National Investment Bank. The funding will support the company in delivering several long-term contracts and drive its next phase of growth.

The Scottish National Investment Bank is to work with Scotland’s Towns Partnership (STP), the organisation which champions the nation’s town centres, on strategic initiatives this year. This is a working relationship designed to encourage new and innovative investment opportunities to fu

The Scottish National Investment Bank will not be able to end its reliance on public funding unless ministers can make a case for UK Treasury rules to change, Scotland's Auditor General has said. The bank was launched in 2020 to independently invest in commercial projects that will help address the

Edinburgh-based digital forensics company, Cyacomb, has appointed a new chair and secured an additional £2.25 million from the Scottish National Investment Bank to further scale the company and expand the international application of its technology. Cyacomb’s technology quickly and thoro

Scotland’s economic growth is being held back by a chronic shortage of housing, and urgent action is required to remove this barrier to investment and jobs, a new report from Prosper (Scottish Council for Development and Industry) has warned today. Drawing on insights from over 100 stakeholder

Aberdeen-based NCIMB Limited, a microbiology services provider holding the UK's largest industrial bacterial culture collection, has secured £1.7 million in funding. The investment comes from the Investment Fund for Scotland (IFS), managed by Maven Capital Partners, and the Scottish National I

Al Denholm, chief executive officer of the Scottish National Investment Bank, has announced his intention to retire later this year, concluding a 40-year career in finance. Mr Denholm will remain in his post for at least a further six months until a successor is appointed to ensure a smooth leadersh

Scotland has secured over £850 million in investment over the past four months, driven by strong interest in its burgeoning energy transition sector. The total is boosted today by the Scottish National Investment Bank’s (SNIB) announcement of £6.7m for Subsea Micropiles, which is d

Pulpex Limited, a sustainable packaging technology company, has today announced a £62 million Series D investment round led by the National Wealth Fund (NWF) and the Scottish National Investment Bank.

The Scottish National Investment Bank (SNIB) risks falling short of its £2 billion investment target by 2030 by up to £400 million, following a reduction in government funding this year. Established in 2020, the state-backed bank aims to support projects in net zero, communities, and inn

Subsea cable manufacturer XLCC is to develop a manufacturing facility, with around 900 jobs, in North Ayrshire thanks to a new £20 million investment by the Scottish National Investment Bank. XLCC’s High-Voltage Direct Current (HVDC) cable will efficiently transport electricity over long