Investor profile
Scottish National Investment Bank
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The Scottish National Investment Bank is a state-owned development investment bank established in November 2020 and funded by Scottish Ministers, with £2 billion of public capital earmarked over ten years. It delivers 'patient, mission-impact investment' to businesses and projects throughout Scotland, investing £1 million to £50 million in debt, equity, and fund instruments on commercial terms. Its strategy is shaped by three government-set missions: Net Zero (addressing the climate crisis through a fair and sustainable economy), Place (transforming communities), and Innovation (scaling up technology for a more competitive and productive economy). The Bank acts as a 'crowding-in' catalyst, seeking at least £1 of private capital for every £1 it deploys, and aspires to become a perpetual investment fund for Scotland by reinvesting returns.
Notable quotes
“Our strategy is designed to meet both short and long-term goals; we are aligned in identifying key investment themes and sectors that will support our impact ambitions, while also building a portfolio with financial returns that will enable the Bank to achieve its aspiration to become the perpetual investment fund for Scotland.”
“The Bank's cornerstone investment is designed to encourage other investors to follow us into this new type of forestry fund. We therefore believe this opportunity to be an excellent fit for the Bank's ambition to lead the way on innovative mission aligned investments.”
“As an impact investor, focused on supporting projects that will deliver long-term economic and societal returns for Scotland, we are pleased to invest in Pulpex. We are excited to help scale its innovative, IP-protected, and more sustainable alternative to plastic and glass packaging. Basing its new centre in Glasgow will be an economic boost for the region.”
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Devilla Battery Energy Storage System | Infrastructure/Project Finance | $64m | 2026-06-08 |
| Pentland Floating Offshore Wind Project | Infrastructure/Project Finance | $64m | 2025-11-11 |
| Pulpex | Series D | $13m | 2025-02-19 |
| GoFibre | Debt | $57m | 2025-08-18 |
| ZeroAvia | Growth Equity | — | 2024-06-18 |
| Ardersier Port | Infrastructure/Project Finance | — | 2024-05-13 |
| Orbex | Growth Equity | — | 2022-10-18 |
| pureLiFi | Growth Equity | — | 2022-07-13 |
| Nova Innovation | Growth Equity | — | 2021-09-07 |
| Sunamp | Growth Equity | — | 2021-09-22 |
Frequent co-investors
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