Business Plan
Executive Summary
Since its launch, the Bank has committed £784.7 million in investment, supporting 42 businesses and enabling over £1.4 billion in co-investment. In the last financial year, £145.1 million was committed, including targeted support for the offshore wind sector.
This year’s Business Plan builds on the outcomes set out previously and reiterates what the Bank aims to achieve by 2030, including measurable progress against its missions. As an impact investor, the Bank continues to refine how it can most efficiently deliver its goals, with performance and progress detailed in a separate Impact Report available on our website. Notably, income from investments has now covered operational costs for the second consecutive year—an important step toward financial self-sustainability. The Bank’s six strategic priorities remain unchanged, focusing on impact, delivery, partnerships, private sector mobilisation, financial resilience, and developing its people.
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Business Plan Financial Year 2025-26
Introduction from the CEO
"This Business Plan outlines that the Bank has now committed over three quarters of a billion pounds in under five years. This capital has enabled over £1.4 billion of funding from other sources. That is over £2 billion of investment into growing businesses that we have directly facilitated...
The global and local context for the delivery of our plan is a changing one, and we will need to be flexible and adaptive in our approach. I believe our missions are as important as ever. The grand challenges which we were established to address - the climate crisis, community-level inequalities and poor productivity - remain...
The Bank is demonstrating a growing track record of delivery against our strategic priorities. We are ambitious to build on this and to play a key role in transforming the economy in which we operate...
In summary, the Bank is demonstrating a growing track record of delivery against our strategic priorities. We are ambitious to build on this and to play a key role in transforming the economy in which we operate. The Executive team and I remain grateful for the counsel we receive from our Board. Finally, I would like to extend my deep thanks to the entire Bank team. On a personal level, I have announced my intention to retire in the year ahead. I look forward to working with my successor to enable a smooth handover, as the Bank moves on to the next stage of its growth."
Al Denholm
Chief Executive Officer
Our portfolio in numbers
Financial highlights
Committed investment in new companies
Total investment (£ million) by primary mission
Committed investment in existing portfolio companies
Total investment (£ million) by primary mission
Total committed investment
Total investment (£ million) by primary mission
Impact highlights
Improving lives and living standards
Since launch, our investments have positively impacted 207, 042 people through regeneration, high quality housing and connectivity.
2023: 116,944
That’s an increase of 90,098 people since 2023.
Reducing harmful emission
Since launch, our investment portfolio has avoided, reduced or removed the equivalent of:
3,127 full capacity, return flights from Glasgow to London.
2023: 57,847 tCO2e
That’s an increase of 77,684 tCO2e avoided, reduced or removed since 2023.
Helping to create and safeguard employment opportunities
In 2024, our investment portfolio directly supported 2,362 jobs, with a further 729 jobs supported by indirect and induced impacts from the Bank’s investments.
2023: 1,850
That’s an increase of 1,241 jobs since 2023.
Strategic Priorities
Our ambition for the Bank and strategy for delivery remain the same. Our six strategic themes are consistent with those published in our two most recent Business Plans:
Strategic themes
- Demonstrating and enabling impact
- Delivering investment
- Building insights, partnerships and our reputation
- Enabling private sector investment
- Targeting financial self-sustainability
- Realising the potential of our people
Bank missions and targets
Net Zero
Address the climate crisis, through growing a fair and sustainable economy.
Impact target KPIs
- By 2030, the Bank will have invested at least £800m in high potential Net Zero businesses and projects. By 2030, the
- Bank’s investments will have helped to avoid, reduce or remove 185,000 tCO2e from the Earth’s atmosphere.
Place
Transform communities, making them places where everyone thrives.
Impact target KPIs
- By 2030, the Bank will have invested at least £400m in improving Scotland’s places and communities.
- By 2030, the Bank’s investments will have positively impacted the lives of 350,000 people through regeneration, high-quality housing, and connectivity (both digital and physical).
Innovation
Scale up innovation and technology, for a more competitive and productive economy.
Impact target KPIs
- By 2030, the Bank will have invested at least £400m in innovative, productive businesses.
- By 2030, the Bank’s investments in innovative industries will have contributed towards the creation and safeguarding of 6,300 jobs.
Download the full report for further information on our Strategic Priorities FY25/26.
How the Bank invests
If you want to explore the Bank's investment process, missions and success visit 'Make an investment enquiry' page to learn more.
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