Scottish National Investment Bank Hits Financial Roadblocks Despite Early Success
The Scottish National Investment Bank has made strong strides since its launch but now faces tough financial hurdles. New rules from the UK Treasury and Scottish budget limits threaten to stall its path to financial independence, raising questions about its future funding. Progress and Promise: The Bank’s Early Achievements Since opening its doors in 2020, the bank has been a key player in Scotland’s green and economic transformation. By the end of the 2024/25 financial year, it had pumped over £785 million into 43 businesses and projects. That’s a hefty sum, and it helped attract £1.4 billion in private sector…
