Investment will be used to set up the UK’s first high-capacity natural insulation factory in the Scottish Borders.
The recent IPCC report about how human activity has caused the climate crisis was an alarm call to us all. But it will be the actions of humans that help us to mitigate the crisis. That’s one of the reasons why we love acting for companies like IndiNature, who recently raised a £3m investment round from the Scottish National Investment Bank. This in turn unlocked further grant funding from Zero Waste Scotland and South of Scotland Enterprise, taking the total value raised in excess of £4m. The investment will be used to set up the UK’s first high-capacity natural insulation factory in the Scottish Borders, securing 30 jobs for the local economy.
The company, led by Scott Simpson and Sam Baumber, makes a carbon negative insulation material for use in housing and commercial building applications. With this new investment, the company estimates that is will be able to capture a net 10,500 tonnes of CO2 a year – and by 2050 at that rate it is the equivalent of over 5 million trees.
Leading the deal team for MBM Commercial, Laura Peachey said “MBM is delighted to act for the IndiNature team and we’re so pleased for them to see this significant funding round with SNIB complete. The Company has made excellent progress to date with support from its seed investors, and this latest round of investment will now enable the Company to produce its IndiTherm insulation at scale, as well as creating 30 new jobs. We extend our thanks to SNIB and its advisers at S+W in helping us to complete the deal in a relatively short period of time, meaning the Company can get to work on making an impact on the environmental challenges we face and helping to accelerate Scotland’s net zero mission.”
Sam Baumber, CoFounder and COO for IndiNature added, “We are incredibly grateful to the MBM team - not just for the effort supporting this investment to complete so swiftly, but throughout the pandemic, being a rock for each seed investment tranche. Huge thanks Laura Peachey, Tracey Ginn, Ruairidh Morrison and Anya Fitzpatrick from all of us - your guidance and energy have been invaluable.”