Eilidh Mactaggart, the chief executive of the Scottish National Investment Bank (SNIB) has been awarded a bonus of almost £40,000. Ms Mactaggart joined SNIB in November last year but has only held the position of chief executive for four months.
Scottish National Investment Bank
A £3 million investment by the Scottish National Investment Bank will see 25 high-quality family homes being built in the Nitshill area of Glasgow after the developer was unable to find finance elsewhere. The Station Wynd site, immediately adjacent to Nitshill train station, is a brownfie
A £13 million investment from the Scottish National Investment Bank (SNIB), awarded to the Iona wind partnership, will accelerate the delivery of the Iona onshore wind pipeline in Scotland. The Iona wind partnership, managed by Asper Investment Management, is focused on building 800MW of onsho
Willie Watt, chairman of the Scottish National Investment Bank (SNIB), has warned that the £2 billion of public funds which were allocated to the bank is "insufficient" to meet its objectives. The SNIB officially opened for business in November last year, with a focus on supporting Scotland&rs
Edinburgh-based thermal storage technologies company Sunamp has received a £6 million ($8.3m) convertible loan note investment from the Scottish National Investment Bank (SNIB). Sunamp will use these funds to increase its sales in the UK, scale-up production, and accelerate internati
Tidal energy pioneer Nova Innovation has secured £6.4 million from the Scottish National Investment Bank (SNIB) to fund manufacturing and distribution of its innovative subsea tidal turbines. The investment will see Edinburgh-based Nova, whose innovative 100kW tidal turbines have been deployed
The Scottish National Investment Bank (SNIB) has committed £50 million over five years to the creation of new woodland and forestry management in Scotland.
Scotland’s first factory producing carbon-negative insulation for homes and commercial properties is to be established following a £3 million investment from the Scottish National Investment Bank (SNIB). Sustainable construction materials business IndiNatureplans to open its new Borders
The Scottish National Investment Bank (SNIB) has invested £2 million in Forev – the electric vehicle charging network owner and operator – to help tackle the lack of charging infrastructure in Scotland. The equity investment will support Forev in its ambition to create a network of
Glasgow-based connectivity start-up R3-IoT is gearing up for international expansion after closing a £3.1 million seed investment round led by US-based venture capital firm Space Capital, joined by the Scottish National Investment Bank. Other investors include the University of Strathclyde, al
A green energy scheme that was refused funding by the Scottish National Investment Bank (SNIB) a few weeks ago has secured funding from London-based AMP Clean Energy, one of Europe’s top infrastructure investment groups. The £6 million project to enable the Bunnahabhain Distillery on Isl
The new Scottish National Investment Bank (SNIB) has been set three core missions to ensure it addresses the “grand challenges” facing Scotland. The missions have been confirmed to the Bank after being approved by MSPs.
The Scottish National Investment Bank (SNIB) has officially opened for business with the completion of its first major investment. It is the UK’s first mission-led development bank and it is being capitalised by the Scottish Government with £2 billion over ten years.
Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank (SNIB) ahead of its launch in the final quarter of 2020. Fiona Hyslop, the cabinet secretary for economy, fair work and culture, today announced the appointment of Tracey Ashworth-Davies, Carolyn
The Scottish National Investment Bank (SNIB), Scotland's state investment bank, is set to launch before December this year.