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

Aegon AM launches new Investment Grade Climate Transition Fund

Aegon AM launches new Investment Grade Climate Transition Fund

New fund aims to deliver a net zero aligned portfolio by 2040

BusinessGreen staff
clock 28 August 2025 • 1 min read
Crisis-hit Net Zero Banking Alliance holds vote on ditching membership model

Crisis-hit Net Zero Banking Alliance holds vote on ditching membership model

NZBA members to vote on proposal to 'transition from a membership-based alliance to establishing its guidance as a new framework initiative'

Michael Holder
clock 27 August 2025 • 4 min read
Pension organisations invest in £3bn UK water infrastructure project

Pension organisations invest in £3bn UK water infrastructure project

PPF, Just Group, Aviva Investors, and GLIL among investors in 'landmark' Haweswater Aqueduct Resilience Programme

Holly Roach, Professional Pensions
clock 27 August 2025 • 3 min read