The Bank's investment in Lothian Broadband Group (LBG) aligns with the Bank’s place mission, to extend the equality of opportunity by improving places.
Digital inequality has been heightened during the pandemic and the investment supports LBG's commitment to bring quality digital infrastructure to rural communities and small towns across Scotland.
A vibrant rural digital economy supports new ways of working, helping reduce car journeys and assist a just transition to net zero by 2045.
Eilidh Mactaggart, CEO of the Scottish National Investment Bank said:
“The Bank’s investment provides the cornerstone funding required for Lothian Broadband Group to rapidly accelerate its operational scale-up and fibre deployment in 2022.''
Gavin Rodgers, CEO of Lothian Broadband said:
“The backing of the Scottish National Investment Bank enables us to continue our rapid scale up as we establish the leading fibre-to-the-premise deployment platform for rural communities and small towns across Scotland.
“This new investment supports LBG’s commitment to building quality digital infrastructure and our inclusive, community-based approach to every village and town we serve.”