Scottish National Investment Bank invests £20m in subsea cable manufacturer

Stuart Stone
clock • 4 min read
A rendering of the future XLCC manufacturing site at Hunterston in Ayrshire – Credit: XLCC
Image:

A rendering of the future XLCC manufacturing site at Hunterston in Ayrshire – Credit: XLCC

Fresh funding to help Essex-based XLCC build factory capable of producing thousands of kilometres of subsea cabling each year

The Scottish National Investment Bank has today pledged £20m of funding to help Essex-based subsea cable manufacturer XLCC build a new factory in Hunterston on the west coast of Scotland. The funds...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Fiduciary Managers making 'incremental' progress on ESG integration

Fiduciary Managers making 'incremental' progress on ESG integration

EY report finds ESG integration has been a case of 'evolution rather than revolution'

Martin Richmond, Professional Pensions
clock 15 July 2026 • 3 min read
Why pension schemes need to stop reporting on climate and start funding climate action

Why pension schemes need to stop reporting on climate and start funding climate action

UK pension schemes are spending significant money, time and resource on climate reporting, disclosures, scenario modelling, governance processes and compliance exercises, but comparatively little on actual climate solutions, writes pensions trustee Bobby...

Bobby Riddaway, HS Trustees
clock 15 July 2026 • 6 min read
 EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book merge to create new European sustainability and credit rating agency

EthiFinance and ESG Book have announced a deal that aims to create one of Europe's largest independent credit and sustainability rating agencies

clock 10 July 2026 • 2 min read