Scottish state-owned development bank based in Edinburgh
The Scottish National Investment Bank has reported continued losses for 2025-26, driven by early portfolio failures, while committing a record level of capital to Scottish ventures. Despite the losses, operating costs remain contained and leadership stresses long-term patient investment; the bank is pursuing diversification of capital sources and a strategy refresh.
A collection of Scottish housing initiatives faces scrutiny as funding gaps and delays threaten delivery. BBC reports wind-down of Highlands housing trust; Scotsman covers new Orchard Park development and SNIB-backed rental housing. Veterans and housing strategies also come under government review as officials promise action.
SSE has named Montrose Port as the preferred operations base for Berwick Bank B, part of a planned offshore wind farm, creating about 100 long-term jobs and supporting a further 30 during construction. Subsea Micropiles will run a new £5m facility to manufacture wind-turbine components, backed by public investment. The announcements position Scotland as a hub for floating offshore wind and bolster Montrose’s role in the energy transition.