Scottish National Investment Bank
Scottish National Investment Bank is Scotland's state-owned development bank, incorporated in 2020 under the Scottish National Investment Bank Act 2020 as a public limited company wholly owned by the Scottish Government, with GBP 2bn of committed capital. It makes patient, mission-led direct equity and debt investments of GBP 1m to GBP 50m off its own balance sheet across three missions: Net Zero, Innovation and Place-Based Opportunity. The Bank itself is not FCA-regulated, but its subsidiary Scottish Investments Limited is authorised by the FCA (FRN 985298). As of 2026 it had committed over GBP 1.15bn across its portfolio.
Key facts
Recent exits
Coverage notes
1 fund tracked, 52 portfolio companies (50 active · 2 realized). Verified weekly from public filings and deal announcements.
Sector breakdown
52 companiesFunds & portfolio
Every fund Scottish National Investment Bank has raised, with its portfolio companies. Hand-checked from public filings.
Scottish National Investment Bank (Balance Sheet)Evergreen2020 · 6yr€1.3B50 active · 2 realized
Unrealized
50 held| Company | Sector | Geo | Entry |
|---|---|---|---|
| Energy |  UK | 2025 | |
| Logistics | UK | 2024 | |
| Energy | UK | 2024 | |
| MedTech | UK | 2026 | |
| MedTech | UK | 2024 | |
| Biotech | UK | 2024 | |
| Cybersecurity | UK | 2023 | |
| Energy | UK | 2026 | |
| Construction | UK | 2024 | |
| Biotech | UK | 2022 | |
| Biotech | UK | 2024 | |
| Financials | UK | 2026 | |
| Energy | UK | 2021 | |
| Software | UK | 2023 | |
| Telecom | UK | 2025 | |
| Real Estate | UK | 2021 | |
| Telecom | UK | 2022 | |
| Hospitality | UK | 2022 | |
| Energy | UK | 2025 | |
| Software | UK | 2024 | |
| Industrials | UK | 2021 | |
| Energy | UK | 2025 | |
| Energy | UK | 2021 | |
| Real Estate | UK | 2026 | |
| Industrials | UK | 2025 | |
| Industrials | UK | 2024 | |
| Hospitality | UK | 2022 | |
| Healthcare | UK | 2025 | |
| Energy | UK | 2022 | |
| Energy | UK | 2021 | |
| Real Estate | UK | 2025 | |
| Aerospace & Defence | UK | 2022 | |
| Energy | UK | 2022 | |
| Financials | UK | 2023 | |
| Energy | UK | 2025 | |
| Logistics | UK | 2022 | |
| Industrials | UK | 2025 | |
| Telecom | UK | 2022 | |
| Energy | UK | 2025 | |
| Financials | UK | 2022 | |
| Logistics | UK | 2026 | |
| Real Estate | UK | 2021 | |
| Energy | UK | 2025 | |
| Energy | UK | 2021 | |
| Real Estate | UK | 2022 | |
| Software | UK | 2022 | |
| PropTech | UK | 2023 | |
| Energy | UK | 2023 | |
| Real Estate | UK | 2025 | |
| Aerospace & Defence | UK | 2024 |
UK· Entry 2025UK· Entry 2024UK· Entry 2024UK· Entry 2026UK· Entry 2024UK· Entry 2024UK· Entry 2023UK· Entry 2026UK· Entry 2024UK· Entry 2022UK· Entry 2024UK· Entry 2026UK· Entry 2021UK· Entry 2023UK· Entry 2025UK· Entry 2021UK· Entry 2022UK· Entry 2022UK· Entry 2025UK· Entry 2024UK· Entry 2021UK· Entry 2025UK· Entry 2021UK· Entry 2026UK· Entry 2025UK· Entry 2024UK· Entry 2022UK· Entry 2025UK· Entry 2022UK· Entry 2021UK· Entry 2025UK· Entry 2022UK· Entry 2022UK· Entry 2023UK· Entry 2025UK· Entry 2022UK· Entry 2025UK· Entry 2022UK· Entry 2025UK· Entry 2022UK· Entry 2026UK· Entry 2021UK· Entry 2025UK· Entry 2021UK· Entry 2022UK· Entry 2022UK· Entry 2023UK· Entry 2023UK· Entry 2025UK· Entry 2024Realized
2 exits| Company | Sector | Geo | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|---|---|
| Deep Tech | UK | 2020 | 2025 | – | – | – | |
| Energy | UK | 2022 | 2026 | – | – | – |
UK· Entry 2020UK· Entry 2022Saved GPs appear in your watchlist, one click from your workspace.
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.
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