Scottish National Investment Bank

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

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

Scottish thermal storage company Sunamp has raised £4.5 million in a Series A financing round led by Chilean venture capital firm Aurus Capital. Aurus Capital is one of the largest in Latin America with a specialisation in Industrial-Tech & Impact investments. The Scottish Investment Bank

Edinburgh-based immune-oncology firm Macomics has secured £3.2 million seed funding from Epidarex Capital and the Scottish Investment Bank. Macomics, which is a University of Edinburgh spin-out, will use the proceeds of this fundraising round to develop novel, first-in-class immunotherapies de

New Wave Foods, trading as Shore the Scottish Seaweed company, has grown its product range on the back of a £1.7 million finance package. Alness-based Shore uses sustainably harvested Scottish seaweed to manufacture plant-based snacks and foods. It launched its first range of snacks in late 20

The development of a high-head (142m) hydropower scheme on the Barr River near Loch Teacuis in Lochaber has secured a new finance arrangement from Triodos Bank UK and the Scottish Investment Bank.

Aberdeen-based green-tech start-up Trojan Energy has secured a £4.1 million round of seed funding to support the roll-out of its on-street flat and flush electric vehicle (EV) charging points.

UniKLasers Limited, a manufacturer of high precision scientific laser instrumentation used in an array of industrial applications, has closed a £750,000 financing round led by Par Equity with support from The Scottish Investment Bank.  The investment in UniKLasers is the second that

Vert Technologies, the Edinburgh-based leading-edge compressor manufacturer, has secured £729,000 in new funding from a clutch of existing investors, including Par Equity, Equity Gap, Aero Den and the Scottish Investment Bank, the investment arm of Scottish Enterprise. Award-winning innov

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.