Scottish National Investment Bank

About Scottish National Investment Bank

The Scottish National Investment Bank (SNIB) is Scotland's first state-owned mission-led development bank with £640 million of cumulative committed capital as of March 2024 (£784.8 million by end-March 2025, £225 million committed in FY24), headquartered in Edinburgh. The firm was launched in November 2020 as a public limited company wholly owned by Scottish Ministers, operating with operational independence under a statutory triple-mission mandate covering Net Zero, Place and Innovation. SNIB tracks 42 portfolio businesses and projects (end-March 2025).

Investment thesis

SNIB deploys capital through a single-balance-sheet investor structure, targeting patient mission-led impact investing aligned with three statutory missions (Net Zero, Place, Innovation). The platform provides equity, debt and growth capital with hold periods of 10-15 years, unconstrained by typical fund-life timing. Sector focus spans offshore wind and renewable energy, energy storage and heat decarbonisation, advanced manufacturing and subsea cable, life sciences and medtech, regional regeneration and housing and climate-tech and deep-tech innovation. Geographic deployment is Scotland exclusively, covering 27 of 32 Scottish Local Authorities and all 8 Regional Economic Partnership areas.

Recent activity

Recent realised exits include Reactec (workplace safety tech, 2025). Recent acquisitions include Sunamp follow-on (thermal energy storage and heat batteries, 2024), Verlume (clean energy and subsea power management, 2024) and Sumitomo / XLCC HVDC subsea cable manufacturing (energy infrastructure, 2024). The platform continues active mission-led deployment across Scotland's three statutory mandates. Detailed buyer names and multiple data available on Pro at €29/month.