Mission Impacts

This investment supports the Bank’s place mission, using investment to enable regeneration that will improve the environment for local communities and create new job opportunities. 

The park provides free access to the natural environment with health and mental wellbeing benefits available to all.

The surfing facility will provide year-round surfing, including training for beginners, and a commitment to work with local communities and charities to enhance access to selected groups, supporting the mental health and well-being benefits of surfing.

The park will increase natural capital locally and will provide significant new access to public access greenspace for local communities and others.

About Wavegarden Scotland

Wavegarden is a global surf technology brand with 5 sites in operation, including Bristol and North Wales and 46 further sites in development across five continents.

With an expected opening of Summer 2024, Wavegarden Scotland will provide inland surfing all year round to enable safe, predictable conditions to learn and develop skills in the rapidly emerging sport.

When complete, the complex will also include holiday lodges and a central hub building with a food court. 

Wavegarden Scotland’s design philosophy has been centred around the restoration and promotion of biodiversity in an area that suffers from industrial decay.

Mental health and wellbeing have also been a central part of the ambition, supported through publicly accessible green-space and increased opportunities to participate in an outdoor sport with proven health benefits.

With an inclusive approach, Wavegarden Scotland is committed to work with local communities and charities to provide access to the surfing facility.

“The investment is a great example of the public and private sector collaborating successfully to unlock potential.”

Susan Campbell

Investment Director, Scottish National Investment Bank

Key Information

  • Key Mission

    Improving places

  • Amount Invested

    £26m

  • Location

    Ratho, Edinburgh

Key Quotes

Susan Campbell, Investment Director at Scottish National Investment Bank said:

“This is an exciting, innovative and ambitious project.

“The Bank’s backing will regenerate a derelict site, increase access to the natural environment, help to restore biodiversity and stimulate tourism.

“Once complete, Wavegarden Scotland will provide a world class outdoor facility for everyone to enjoy, enable important health and well-being benefits as well as a nationally important leisure facility.

“The investment is a great example of the public and private sector collaborating successfully to unlock potential.”

Andy Hadden of Wavegarden Scotland said:

“Wavegarden Scotland will be a dynamic new leisure destination, whether you are in or out of the water.

“Having the backing of 45 local entrepreneurs and international shareholders, including Promenthean Investments LLP and Murray Capital, combined with the incredible support from the Scottish National Investment Bank, OakNorth and BAE Systems Pension Fund, has created what we believe, is the optimum financial structure for this landmark destination.”

Alignment to the United Nation's Sustainable Development Goals

All of the investments the Bank makes support the UN's Sustainable Development Goals. This investment supports the goals below:

  1. 3. Good health and wellbeing with cardio image

    Goal 3

    Good Health and Wellbeing

  2. 8. Decent work and economic growth with increasing bar graph and arrow image

    Goal 8

    Decent Work and Economic Growth

  3. 9. Industry, innovation and infrastructure with interlocking cubes image

    Goal 9

    Industry, Innovation and Infrastructure

  4. 12. Responsible consumption and production with recycling infinity icon.

    Goal 12

    Responsible Consumption & Production

  5. 13. Climate action with globe as part of eye image

    Goal 13

    Climate Action

  6. 15. Life on land with nature vista image

    Goal 15

    Life on Land

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