Scottish Investment Bank

The Scottish Investment Bank is a public body supporting economic growth in Scotland. It facilitates finance for small to medium-sized businesses, focusing on sectors such as renewable energy, technology, life sciences, and creative industries. The bank works closely with portfolio companies to strengthen management teams and accelerate growth.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Susan Armes

Senior Investment Manager

Victoria Carmichael

Commercial Director

Steve Dunlop

Chief Executive

Adrian Gillespie

Chief Executive and Board Member

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Managing Director

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Kerry Sharp

Director of Entrepreneurship and Investment

Charlie Smith

Managing Director of Scottish Development International and Group Head of Strategy and Technology

Past deals in Insulation

Sisaltech

Seed Round in 2025
Sisaltech is a company that specializes in producing sustainable building insulation made from sisal, a natural fiber derived from the Agave plant. This material is durable, biodegradable, and has a low environmental impact during production. The company's primary business is to provide eco-friendly insulation solutions to the construction industry, offering a low-carbon alternative to traditional insulation materials. Sisaltech's products are designed to be easy to install, completely recyclable, and made with low-carbon materials, enabling clients to enhance safety and comfort while reducing their carbon footprint.

IRT Surveys

Series B in 2010
IRT Surveys Limited, established in 2002 and headquartered in Dundee, UK, specializes in non-destructive building testing using infrared thermal imaging technology. The company offers a range of services including thermal imaging surveys, energy audits, air leakage detection, electronic leak detection, and maintenance planning. They also provide energy performance certificates to help clients identify defects and inefficiencies in their properties, enabling informed decision-making for future planning.

IRT Surveys

Series A in 2009
IRT Surveys Limited, established in 2002 and headquartered in Dundee, UK, specializes in non-destructive building testing using infrared thermal imaging technology. The company offers a range of services including thermal imaging surveys, energy audits, air leakage detection, electronic leak detection, and maintenance planning. They also provide energy performance certificates to help clients identify defects and inefficiencies in their properties, enabling informed decision-making for future planning.
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