SNIB is Scotland's development bank (est. Nov 2020, state-owned). Funded by £2bn public capital allocated by Scottish Gov; operationally independent. By March 2025: committed £784.8m across 42 portfolio companies, leveraging £1.3bn third-party capital. Portfolio supported 2,362 direct jobs (2024). Invests via equity, debt, fund stakes. Key portfolio: renewable energy, housing developers, offshore port facilities (Haventus), HVDC manufacturing (Hunterston), university tech spin-outs. Team ~50-70 FTE; CEO David Ritchie (Jan 2026).
Investment Focus
Investment Thesis
Development bank investing equity/debt in growth-stage Scottish businesses & infrastructure. Three core missions: net zero transition (offshore wind, HVDC, renewable energy), place-based opportunity (housing, rural regen, local employment), innovation scaling (university spin-outs, tech, biotech). £1m-£50m cheques. Catalyses private co-investment (avg 1.9:1 leverage). Avoids pure venture capital competition; derisk & complement private markets. Geographic focus: Scotland only.
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