Scottish National Investment Bank

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. 

Three core missions for the new Scottish National Investment Bank (SNIB) have been laid before the Scottish Parliament for consultation.

The Scottish National Investment Bank (SNIB) must be structured and governed effectively in order to meet its potential, according to a think-tank which has recommended policies which it believes can be introduced under the present devolved settlement to "democratise our economy, build com

Eilidh Mactaggart has been appointed the first CEO of the Scottish National Investment Bank. With over 20 years of global experience in banking and investment management, she will lead the Bank’s mission-based approach to investing in Scotland’s economy.

Legislation to establish a Scottish National Investment Bank has been passed unanimously by the Scottish Parliament. The new institution will direct investments that deliver economic, environmental and social returns, and help Scotland’s journey towards net-zero carbon emissions. It will aim t