Scottish National Investment Bank

According to the Scottish National Investment Bank (SNIB), the first full year of operations for the Scottish Government-owned bank has been one of significant progress. According to the lender, the bank’s team has been substantively recruited, many of its operational systems have been put in

Willie Watt, the chair of the Scottish Government-owned Scottish National Investment Bank (SNIB) has refused to answer questions from MSPs on why Eilidh Mactaggart, the former chief executive of the bank, quit with a £117,500 exit payment. Mr Watt said he was unable “to provide any furth

The Scottish National Investment Bank (SNIB) has partnered with Black Professionals Scotland (BPS) to support Black ethnic minority professionals across Scotland. The Bank will work to provide greater professional opportunities for individuals within the Black community through its partnership with

Eilidh Mactaggart, chief executive officer, of the Scottish National Investment Bank (SNIB) has resigned. The bank has announced that Sarah Roughead will act as CEO with immediate effect whilst the board initiates a process to find a new, permanent CEO.

Scotland’s all-female angel group Investing Women Angels (IWA) has announced major growth plans as it restructures ahead of launching a new IW AccelerateHER Fund for female-founded companies in Scotland. IWA has announced its collaboration with the Scottish National Investment Bank (SNIB) to d

The Scottish National Investment Bank (SNIB) has committed £30 million of funding for the expansion of Aberdeen Harbour, the largest marine infrastructure project in the UK.

The Scottish National Investment Bank (SNIB) has announced a £4.45 million investment into Highland Coast Hotels to help to support more sustainable and community-led hospitality around the North Coast 500 tourist route. The investment will support tourism and employment opportunities in a rem

The Scottish National Investment Bank (SNIB) has committed £20 million of cornerstone funding to Lothian Broadband Group (LBG) to help tackle digital inequality in rural communities and small towns in Scotland. The bank’s funding commitment is in addition to £5m of new investment f

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.

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.