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.

Larbert-based medical device business Clear Surgical has secured £280,000 of new investment from existing shareholders, in an oversubscribed funding round. Led by the investment syndicate Kelvin Capital, and with Scottish Health Innovations Ltd (SHIL) and Scottish Investment Bank particip

Glasgow-based Talking Medicines, the world’s first social intelligence company for the pharmaceutical industry, has secured a £1.1 million funding deal to scale up its AI-based data technology platform for measuring patient sentiment. Tern Plc, the investment company specialising in

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