Scots investment bank bets on £109m Epidarex fund
The Scottish National Investment Bank, Scotland’s development bank, said it has committed £15 million towards the £109 million Epidarex Capital IV fund, managed by Edinburgh-based…
The Scottish National Investment Bank, Scotland’s development bank, said it has committed £15 million towards the £109 million Epidarex Capital IV fund, managed by Edinburgh-based…
Stornoway Port has secured £3.5 million from the Scottish National Investment Bank towards a new linkspan — a drawbridge — for its newly constructed Deep…
The Scottish National Investment Bank — Scotland’s development bank — said on Wednesday it has appointed David Ritchie as its new CEO. Ritchie is currently…
The Scottish National Investment Bank has invested £20 million in Renewco Power, a Glasgow-headquartered renewable energy developer, via a fund managed by Corran Capital, a…
The Scottish Government has launched a single online point of contact for global investors looking to participate in Scotland’s biggest projects. InvestScotland showcases large-scale investment…
Edinburgh-based housebuilder Whiteburn Projects Limited has secured a £6.56 million development loan from the Scottish National Investment Bank to fund the delivery of 50 private homes…
The Scottish National Investment Bank — Scotland’s development bank — announced that current non-executive director Carolyn Jameson has been appointed as its new senior independent…
The Scottish National Investment Bank — Scotland’s development bank — said its income increased 78.8% to £34.5 million in the year to March 31, 2025….
A new £50 million investment in Highland Broadband’s ultra-fast broadband network means that rural communities across Scotland are in line for an economic boost. Scotland’s…
The Scottish National Investment Bank has hired Nicola Pidgeon as Chief People Officer, in a job share partnership with Kay Smith, who is already in…
Aberdeen-based NCIMB, a microbiology services provider and owner of the UK’s largest industrial, food and marine bacterial culture collection, has secured £1.7 million investment from…
The state-owned Scottish National Investment Bank announced that its CEO Al Denholm “intends to retire later this year” — but Denholm will work with the bank’s…
Subsea Micropiles Ltd. has secured £9.2 million to further develop its technology and expand operations in Scotland, which is expected to support around 100 jobs…
The Scottish National Investment Bank (SNIB) announced that the UK’s Financial Conduct Authority (FCA) has approved an application for authorisation by the bank’s wholly owned…
The UK’s Investment Association (IA) is staging a new flagship event, the IA Scottish Investment Conference, at the Edinburgh International Conference Centre (EICC) on Tuesday….
By Mark McSherry The Scottish National Investment Bank (SNIB) said David Ritchie has been appointed to the new role of chief strategy officer at the bank…
A new £7.9 million funding round, led by £3.5 million from the Scottish National Investment Bank, will enable scale and growth for Leap Automation Ltd…
The Scottish National Investment Bank said it has invested £20 million in ZeroAvia, a developer and manufacturer of zero-emission engines for commercial aviation. The bank said…
The Scottish Space Network has announced a strategic partnership with New York-based Sustainable Alpha to open up investment opportunities for the Scottish, UK and international…
The Scottish National Investment Bank said on Monday its fast rate of growth “will slow in the year ahead due to reduced availability of capital.”…
The Scottish National Investment Bank said it has committed a further £20 million to the Mid-Market Rent (MMR) strategy (New Avenue Living) managed by Thriving…
Bellshill-based biopharma firm EnteroBiotix Limited is set to expand and accelerate its work after raising more than £27 million in funding from new and existing investors….
Edinburgh-based dental biotechnology firm Calcivis has secured £5 million in funding to help roll out its cutting-edge dental technology. The company’s latest investment round was…
A new executive education programme to address the growth barriers faced by impact-oriented businesses in Scotland has been launched. Strathclyde Business School is to deliver…
Aberdeen-based Trojan Energy, the on-street electric vehicle charging specialist, has secured £26 million investment to facilitate growth plans. The funding round comprises of £8 million from…
Edinburgh-based cancer therapeutics development specialist Cumulus Oncology has secured a £9 million funding package, which includes £6 million from the Scottish National Investment Bank. Cumulus…
The Scottish National Investment Bank said it has “evolved into an ambitious, active impact investor” as it published its second full year accounts. The bank said…
Scottish Financial Enterprise, the member body for Scotland’s big financial services industry, has appointed Ben Rose as its new director of public policy and communications…
Willie Watt has been re-appointed to the role of chair at the Scottish National Investment Bank for a further four years. The National Investment Bank…
The Scottish National Investment Bank announced that Mark Munro has been appointed to the new role of Chief Investment Officer (CIO). The new role will…
Real estate data analytics platform Utopi said it will create 50 new jobs after securing £5 million of funding from the Scottish National Investment Bank. The…
Jedburgh-based IndiNature, the bio-based materials and construction products firm, has announced a follow-on investment of £2 million from existing major investor the Scottish National Investment Bank….
KPMG’s latest Venture Pulse Survey showed that investments in fast-growth Scottish businesses cooled over the summer. Scotland’s scale up firms attracted £117 million of venture…
Forres-based spaceflight company Orbex said it has secured £40.4 million for its Series C funding round, led by new investor the Scottish National Investment Bank with…
By Mark McSherry — The Scottish National Investment Bank published its first full year accounts on Tuesday and said it has made “clear progress” in its…
Edinburgh-based wireless communications firm pureLiFi will target a global roll out of its revolutionary technology after securing £10 million in backing from the Scottish National…
Equity investment in Scotland’s smaller businesses reached £403 million by the end of 2021’s third quarter, more than double the same period in 2020, according…
The Scottish National Investment Bank announced on Friday that chief executive officer Eilidh Mactaggart has resigned. No reason was given for the departure. Chief financial…
Scottish corporate and finance veteran Benny Higgins is to join Glasgow investment firm N4 Partners as chairman. Higgins will also chair the N4 Advisory Board, which…
Edinburgh-based investment bank Noble & Co announced two senior appointments to help “increase the firm’s capacity to source prospective deals.” Noble has hired Susi Crawford…
The Scottish National Investment Bank has officially opened for business with the completion of its first major investment — a £12.5 million vote of confidence…
Eight non-executive directors have been appointed to the board of the Scottish National Investment Bank ahead of its launch in the final quarter of 2020….
Housing, regeneration and commercial developments are now being supported by investments of £100 million through the Building Scotland Fund (BSF) — which was established as…
Scottish Development International (SDI) said on Wednesday that Scotland is set for another good year of foreign direct investment (FDI) as it revealed more than…
Scottish investment veteran Willie Watt has been appointed the first chair of the board of the new Scottish National Investment Bank, which will be operational…
A bill to support the set-up of the Scottish National Investment Bank and help put green investment at its heart has passed stage one, following…
The Scottish Government said a £14.7 million investment in a Glasgow-based satellite business will help create more than 260 jobs in Scotland’s space sector. On…
Legislation to support the establishment and capitalisation of the Scottish National Investment Bank has been published by the Scottish Parliament. The Scottish Government has committed…
First Minister Nicola Sturgeon has appointed former Tesco Bank CEO Benny Higgins as the strategic adviser for the establishment of the Scottish National Investment Bank….
The proposed Scottish National Investment Bank — which will be supported by long-term capitalisation of at least £2 billion over the first ten years — is…
Tesco Bank CEO Benny Higgins has been appointed by the Scottish Government to create a new Scottish National Investment Bank. Higgins, a colourful character who was…
The investment activity of the Scottish Investment Bank (SIB) generated a record income of £35.7 million during 2015-16 following 12 successful exits. “This is a positive signal of the…
The Pentland Floating Offshore Wind Farm has secured a Contract for Difference (CfD) in the UK Government’s seventh CfD Allocation Round (AR7). The Pentland project,…
The Scottish National Investment Bank said it has invested £50 million into London-based Octopus Capital’s Affordable Housing Fund — part of a £100 million fundraise…
AI robotics company Launchpad announced it has successfully concluded a Series A funding round, raising a total of $11 million, including $2 million from Scottish National…
Edinburgh-based broadband firm GoFibre has completed a £125 million funding round that will support its delivery of two “Project Gigabit” contracts in the south and…
Scottish accountancy firm Wbg has appointed storied banker and investor Benny Higgins, the former boss of Tesco Bank, as its new chairman. Currently chairman of…
Pulpex Limited, the sustainable packaging technology company, announced a £62 million Series D investment round led by the UK’s National Wealth Fund (NWF) and the…
Scotland’s only private electric vehicle charge point operator FOR EV has been boosted by a £10 million follow-on investment by the Scottish National Investment Bank….
Insurance firm Markerstudy Group has announced the appointment of Scottish corporate veteran Benny Higgins as its chairman. Markerstudy said the appointment concludes a busy first…
Infrastructure investment specialist Eilidh Mactaggart has been appointed the first CEO of the “mission-based’ Scottish National Investment Bank. The Scottish Government said it has committed…
Scottish financial planning firm Anderson Anderson & Brown Wealth Ltd (AAB Wealth) announced on Monday the appointment of Benny Higgins as its non-executive chairman. Higgins…
Latest data published on Wednesday shows Scotland’s gross domestic product (GDP) grew 0.2% in the first quarter of the year compared to 0.1% growth for…
The Scottish economy grew 0.3% in the fourth quarter of 2017, according to statistics announced by Scotland’s chief statistician. UK GDP growth for this quarter was…
Smaller businesses in Scotland are the most likely to say they struggle to access finance among the UK’s devolved nations, according to new research from…
Approval has been issued to start the next phase of work to explore the case for extending the Borders Railway to Carlisle. Following recent confirmation…
Edinburgh-based biotechnology company Cytomos has raised £5 million to scale up production of its cell analysis technology. The oversubscribed funding round was led by existing…
Haventus, the energy transition facilities firm and owner of Ardersier Port east of Inverness, said it has secured a £100 million joint credit facility from…
Abrdn’s £440 million Dunedin Income Growth Investment Trust has reported net asset value (NAV) total return of 6.7% for the year to January 31, 2024,…
Baillie Gifford’s £1 billion investment trust Scottish American Investment Company (SAINTS) reported that its share price total return was 8.2% and net asset value total return…