The former Scottish National Investment Bank chief executive has released a statement explaining why she abruptly quit the job. Throughout the week, Finance Secretary Kate Forbes and Prime Minister Nicola Sturgeon faced questions about why Eilidh Mactaggart left office. During Prime Minister’s Questions, Scottish Conservative leader Douglas Ross (below) claimedRead More →
THE chief executive of the Scottish National Investment Bank has abruptly left office. Eilidh Mactaggart has stepped down from her role with immediate effect, less than two years after being named the new institution’s first patroness in April 2020. SNIB did not specify his departure in a press release publishedRead More →
The bank’s loan will strengthen the port’s position as a key port hub for the UK’s large-scale energy transition efforts. The Aberdeen expansion has been described as the biggest maritime infrastructure project in the UK. It is only a few months away from being operational. Register to our daily newsletterRead More →
The Scottish National Investment Bank is providing £4.45million in funding to Highland Coast Hotels to support the upgrade of four properties, saying it will “help support more sustainable, community-led hospitality around North Coast 500 Scenic Route”. The taxpayer-funded SNIB pointed to the potential of loan financing to enable the creationRead More →
A £4.45 million investment in Highland Coast Hotels by the Scottish National Investment Bank will help support more sustainable, community-led hospitality around the North Coast 500 tourist route. The investment will support tourism and employment opportunities in a remote region of northern Scotland, where tourism is crucial to the localRead More →
SNIB, which was launched in November 2020 to be a development investment bank for Scotland, is lending the funds to Highland Coast Hotels, saying it will provide more sustainable, community-led hospitality throughout the journey by popular car, supporting crucial local tourism and employment. Opportunities. The loan will support the modernizationRead More →
LOTHIAN Broadband Group plans to more than double its workforce and expand into rural communities and small towns across Scotland, following a major funding deal with the Scottish National Investment Bank. The taxpayer-backed SNIB has committed £20million in funding to the Lothian Broadband Group, saying the money will “help tackleRead More →
The Scottish National Investment Bank has committed £20 million in seed funding to help tackle digital inequality in rural communities and small towns across Scotland. The funding commitment comes on top of a new £5m investment from current Lothian Broadband Group (LBG) shareholders – part of the group’s plan toRead More →
The taxpayer-funded Scottish National Investment Bank has committed £20 million in funding to the Lothian Broadband Group, saying the money will “help tackle digital inequality in rural communities and small towns”. SNIB noted that its ‘pillar’ funding commitment is in addition to £5m of new investment from the company’s currentRead More →
A £ 3million investment from the Scottish National Investment Bank will allow the construction of 25 high-quality family homes in Glasgow’s Nitshill district after the developer was unable to find funding elsewhere. The development of Station Wynd The Wynd Station site, immediately adjacent to Nitshill Station, is a brownfield siteRead More →
An investment of £ 3million by the Scottish National Investment Bank will see 25 high-quality family homes built in the Nitshill area of Glasgow for sale to local social housing tenants and first-time buyers. The development of Station Wynd The Bank loan stipulates that the homes in Station Wynd’s developmentRead More →
The Scottish National Investment Bank has provided a £ 3million loan to finance the construction of 25 homes on an abandoned site in Nitshill in Glasgow for sale to local social housing tenants and first-time buyers. He said his loan “stipulates that the homes in Station Wynd’s development must firstRead More →
A £ 3million investment from the Scottish National Investment Bank will see the construction of 25 family homes for sale to local social housing tenants and first-time buyers in Glasgow’s Nitshill area. The loan stipulates that the homes in Station Wynd’s development must first be offered to the local population,Read More →
The Scottish National Investment Bank has supported the Iona Wind partnership to the tune of £ 13million. The partnership, managed by Asper Investment Management, focuses on building 800 MW of onshore wind capacity by 2026. When fully operational, the project should be able to generate renewable energy to support theRead More →
A £ 13million investment from the Scottish National Investment Bank, awarded to the Iona Wind Partnership, will speed up delivery of the Iona onshore wind pipeline in Scotland. The Iona wind partnership, managed by Asper Investment Management, focuses on building 800 MW of onshore wind capacity by 2026. When fullyRead More →
The Scottish National Investment Bank (SNIB) has made a profit of £ 828,000 since it opened 12 months ago. The government-funded but operationally independent development bank holds 81% of its money in investments “where no market price is available.” The accounts for the period October 13, 2020 to March 31,Read More →
MSPs have been warned that the Scottish National Investment Bank will not become financially self-sustaining for at least three years due to longer-term investments, meaning returns are “slower to come”. The bank’s president also told MSPs that work was underway to get the public body fully regulated – warning thatRead More →
Let us know what you think and join the conversation at the bottom of this article. Nova Innovation, launched in 2010, five years ago installed the world’s first offshore tidal network in the Shetlands, which transforms the energy from the sea into clean and reliable energy for the 22,000 inhabitantsRead More →
The Scottish National Investment Bank has committed £ 50million to set up a new forest and forest management fund in Scotland. He is a key investor in the Gresham House Forest Growth & Sustainability Fund, which will plant trees to capture 1.2 million tonnes of carbon dioxide emissions over theRead More →
The Scottish National Investment Bank has become a major investor in the Gresham House Forest Growth & Sustainability Fund. Its capital will support new plantations and could capture some 1.2 million tonnes of CO2 over the next 20 years. Register to our daily newsletter Newsletter cut through the noise TheRead More →
The bank’s investment will support the large-scale creation and management of forests in Scotland, as well as increasing biodiversity in the region, improving air quality, reducing forest erosion. soil and capture around 1.2 million tonnes of CO2 over two decades. The Scottish National Investment Bank is an impact investor, focusedRead More →
Lindsay Wallace, CEO of Forev. Image: Forev. The Scottish National Investment Bank is aiming to help address the lack of electric vehicle (EV) charging infrastructure in Scotland with an investment of £2m. The funding is for electric vehicle charging company Forev, to support its ambitions to create a network ofRead More →
While many people plan to witness the transition to net zero, decarbonizing transportation is one of the most important and difficult factors in achieving it. There are good incentives to encourage consumers to switch to electric vehicles and purchasing costs are plummeting, but access to charging points remains a barrierRead More →
The Scottish National Investment Bank has invested £ 2million in the owner and operator of the Forev electric vehicle charging network to help address Scotland’s lack of charging infrastructure. The capital investment will support the company’s ambition to create a network of more than 1,700 electric vehicle charging points onRead More →