Mission Impacts
The investment in Leap Automation aligns to our innovation mission, which aims to scale up innovation and technology, for a more competitive and productive economy. As an impact investor, the Bank provides patient capital for business and projects that have high-growth potential and are making a positive impact on Scotland’s future.
About Leap Automation
Leap AI delivers robotic solutions for the manufacturing sector. Its AI-powered technology enables it to deliver robotic automation for companies of all sizes. The company has chosen the food and drinks sector as the initial market to launch its technology, as one of the country’s priority growth industries. Labour shortages are a prominent issue here and economic conditions have left firms seeking new and innovative production solutions.
Key Information
Key Quote
Ben Stuart, CEO of Leap AI, said: “From the outset we have strived to build simple, flexible and cost-effective robotic systems that solve our customers’ most pressing challenges. The need is greater now than ever before, with labour shortages costing the UK food sector over £1.4bn last year. This funding will enable us to increase headcount, scale our operations and solve more problems for more customers through further product development.”
Alignment to the United Nation's Sustainable Development Goals
Decent Work and Economic Growth
