Scottish Enterprise, established in 1991, is Scotland's principal economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to stimulate Scotland's economic growth by fostering an innovative, high-wage, and productive economy with a strong international presence. The agency partners with both public and private sectors to identify and capitalize on opportunities that drive significant, lasting economic impact. Scottish Enterprise provides comprehensive support to businesses, including helping companies secure appropriate finance, strengthening management teams, and facilitating growth and export initiatives. It works closely with Scottish SMEs, as well as UK and international investors, such as business angels, venture capital groups, and corporate investors. The agency operates across Scotland in collaboration with Highlands and Islands Enterprise, aiming to increase the supply of finance for businesses and support the SME funding market.
Managing Director of Scottish Development International and Group Head of Strategy and Technology
Susan Armes
Senior Investment Manager
Past deals in Natural Resources
Highland Heritage Woodworks
Grant in 2025
Highland Heritage Woodworks engages in timber industry, dedicated to demonstrating the untapped potential of locally-sourced timber.
Sisaltech
Seed Round in 2025
Sisaltech is a company that produces 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 that is easy to install, completely recyclable, and made with low-carbon materials. This enables clients to enhance safety and comfort while reducing their carbon footprint.
Rockit Tech
Grant in 2024
Heriot-Watt University's "Rockit" technology prevents unwanted leaks of greenhouse gases (methane, CO2), flammables, poisons, carcinogens (hydrocarbon gas, H2S, mercury vapour), and stored gases (hydrogen, CO2) from escaping into the atmosphere via dug wells.
Verlume
Venture Round in 2022
Verlume specializes in subsea power hub technology that focuses on generating, storing, and supplying electrical power from ocean currents and tides. The company's innovative solutions are designed to help clients in underwater, offshore, and onshore sectors reduce their carbon footprint and decarbonize their operations. By converting renewable energy from marine environments into usable electrical power, Verlume enables its clients to harness clean energy while minimizing environmental impact.
Verlume
Venture Round in 2020
Verlume specializes in subsea power hub technology that focuses on generating, storing, and supplying electrical power from ocean currents and tides. The company's innovative solutions are designed to help clients in underwater, offshore, and onshore sectors reduce their carbon footprint and decarbonize their operations. By converting renewable energy from marine environments into usable electrical power, Verlume enables its clients to harness clean energy while minimizing environmental impact.
Plan Bee
Equity Crowdfunding in 2014
Plan Bee Limited, founded in 2011 and based in Motherwell, United Kingdom, specializes in the production of raw honey and related by-products. The company offers beehive management services aimed at helping organizations enhance their sustainability efforts. By managing beehives at various locations, Plan Bee supports businesses in improving their environmental credentials and engaging with local communities. Their services include beehive adoption, management, and educational initiatives, which promote the importance of honeybees. Additionally, individuals can adopt bees and dedicate hives for special occasions, such as weddings or memorials. Through these efforts, Plan Bee enables companies to demonstrate their commitment to sustainability while fostering customer loyalty and community involvement.
Plan Bee
Seed Round in 2013
Plan Bee Limited, founded in 2011 and based in Motherwell, United Kingdom, specializes in the production of raw honey and related by-products. The company offers beehive management services aimed at helping organizations enhance their sustainability efforts. By managing beehives at various locations, Plan Bee supports businesses in improving their environmental credentials and engaging with local communities. Their services include beehive adoption, management, and educational initiatives, which promote the importance of honeybees. Additionally, individuals can adopt bees and dedicate hives for special occasions, such as weddings or memorials. Through these efforts, Plan Bee enables companies to demonstrate their commitment to sustainability while fostering customer loyalty and community involvement.
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