18 October 2023 | Economy
In conversation with… Al Denholm
Scottish National Investment Bank was established in 2020 by Scottish Ministers.
Tell us more about the Scottish National Investment Bank
All of our investments must meet the aims of at least one of our three key missions – to support Scotland on its journey to net zero, to improve places and communities, or to harness innovation.
We are a development bank, typically investing between £1m and £50m, via debt or equity.
The Bank has a stated vision for investing not only the public capital we are allocated by the Scottish Government, but also to attract in third party capital. Since we started operating, we have committed £445 million, and have attracted an additional £703 million capital from third parties. That’s over £1.1 billion committed to the Scottish economy in nearly three years.
What are the bank’s missions? How do these influence your activities?
The Bank’s missions are at the heart of everything we do. I firmly believe that by delivering on the missions we can generate great social, environmental and economic returns for the people of Scotland and in the process become one of the most respected impact investors in the industry.
Can you explain impact investing?
Impact investing is a simple idea: that by using capital as a tool to create positive social change you can still generate positive financial returns. It’s about aligning your investments with your values.
At the Bank, our impact investing covers a range of sectors, including renewable energy, affordable housing, science and technology.