SNIB, Hunter REIM and Ediston Real Estate form joint venture to develop 370 build-to-rent homes
The Scottish National Investment Bank (“the Bank”) has committed £19.5m to support the development of 370 single-family build-to-rent homes in Edinburgh.The development, located near Edinburgh’s Bio Quarter and Little France...
CHALLENGING TIMES: Ritchie believes investment bank on right course despite £138m losses on early failures
The new chief executive officer of Scotland’s national investment bank, David Ritchie, remains upbeat about the future despite posting yearly results which show a net loss of £138m.These losses reflects...
SOVEREIGN STATE: DataVita secures £300m for data centre rollout in Scotland’s AI Growth Zone
DataVita, Scotland’s largest independent data centre developer and operator, has secured £300m of funding to expand and build two data centres in the North Lanarkshire’s AI Growth Zone.The consortium fundraising...
Scotland’s hydropower revival
Pumped storage, major investment and a growing supply chain could put Scotland at the forefront of the next generation of hydropower Scotland has a long-standing relationship with hydropower. For generations,...
Bank supports Mironid with £8.4m in race to commercial success
Mironid, a Glasgow-based biopharmaceutical company, employing 16 staff including scientists, has secured an £8.4m equity investment from the Scottish National Investment Bank. This gives the company further breathing space to...
Drax boss says grid connectors should pay for renewable hold-ups
The operators of the Britain’s national grid should be made liable for damages over delayed upgrades to the electricity network, the owner of the Cruachan hydro-electric power plant in the...
Tech fund startup programme Round One ready to tackle ‘sleeping giant’ of Scottish economy
Applications have opened for Round One, an investment readiness programme for pre-seed technology startups in Scotland.The programme’s founders believe Scotland’s startup ecosystem is a sleeping giant: home to world-class talent,...
Real-time hormone tracker raises £1.2m to tackle women’s health
An Edinburgh spin-out able to measure human hormone levels in real time has secured £1.2m to investigate women’s hormone-related conditions and support better diagnosis and treatment. Kāhu SiliconBio, founded by scientists...
STRATEGY SHIFT: Investment Bank prepares new ground for housing and tech growth in Scotland
Scotland’s National Investment Bank will use its financial heft to face into the housing emergency, helping to build more homes across the nation.The Bank, which published its investment strategy and...
THE BIG READ: How a Scottish firm secured iconic James Bond brand – and restored its greatness
Scotland has the sovereign capability to become one of the world’s leading advanced manufacturing nations, particularly in green precision engineering and industrial manufacturing across defence, automotive, agriculture, space tech, and...