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The Venture Codex

UK Infrastructure Bank

2 Whitehall Quay, Leeds, LS1 4HR, United Kingdom

Overview

National Wealth Fund is the government-owned policy bank, focused on increasing infrastructure investment.

Total investments
11
Lead investments
8
Investments · 12mo
4
Active investors
3
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Investment portfolio

  • DataVita

    Participated · Debt Financing · Aug 2026

    DataVita operates and develops data center campus assets in the UK, including DV1 (operated since 2016) and a smaller DV2 site in Glasgow offering 130 racks across 1,000 sqm. The company acquired DV1 in 2021 with £45m of owner support and was built originally by HFD Group in 2021. It is expanding DV1 and building a new DV3 facility in the North Lanarkshire AI Growth Zone, with all capacity from both buildings contracted to CoreWeave under a 15-year lease. Last year CoreWeave announced deployments of Nvidia GPUs into DataVita data centers, and management states the first facility from the current program is due to complete this year. The company has secured project-level debt financing and a National Wealth Fund-backed guarantee to underwrite the current build-out.

  • Rowden

    Led · Equity · May 2026

    Rowden develops and manufactures sensing and information systems intended for edge environments where connectivity is degraded and decisions are time-critical. The company supplies UK government customers including the Ministry of Defence, the British Army, Cyber and Special Operations Command, and Scottish Fire and Rescue, and also exports its technology internationally. Rowden contributes to programs such as Human Machine Teaming, ASGARD, and the AUKUS AI for Acoustics program. Founded by CEO Rob Harper, the company was bootstrapped to its current scale and now employs around 160 skilled workers. With the National Wealth Fund investment, Rowden plans to expand its manufacturing footprint with two new sites in the Southwest and West Midlands and build an advanced test and evaluation facility, while scaling headcount toward 500 roles by 2032.

  • Cornish Lithium

    Led · Equity · Oct 2025

    Cornish Lithium explores and develops lithium deposits in the United Kingdom with the goal of supplying battery-grade lithium for the electric vehicle and energy storage markets. The company’s current efforts center on two flagship assets: the Trelavour Lithium Project and the Cross Lanes Geothermal Lithium Project. Proceeds from its latest financing will advance technical work, permitting tasks, and early construction activities at these sites. Cornish Lithium positions itself as a strategic domestic source of a critical battery metal, aiming to reduce the U.K.’s reliance on imported lithium. The business model combines conventional hard-rock extraction at Trelavour with geothermal-brine lithium recovery at Cross Lanes. While revenue has not yet been disclosed, the company continues to fund project development through equity raises and an upcoming crowdfunding campaign. The recent £35 million round underscores strong institutional backing for its near-term project milestones.

  • Fidra Energy

    Led · Equity · Sep 2025

    Fidra Energy develops large-scale battery energy storage projects and is delivering the Thorpe Marsh BESS in South Yorkshire. The Thorpe Marsh project is designed for 1.4GW/3.1GWh capacity and is projected to start operations in mid-2027, aiming to be the UK’s largest battery storage facility. Fidra awarded supply and construction contracts to Sungrow (Power Titan 2.0 batteries), H&MV Engineering (grid connections and electrical work) and Jones Bros Civil Engineering (civil and drainage). The company has secured long-term offtake agreements with EDF, Octopus Energy, and Statkraft covering nearly 80% of the project’s capacity and received a 15-year capacity market award effective October 2028. Fidra reached financial close for Thorpe Marsh after securing up to £445m in equity from EIG and the National Wealth Fund alongside £594m in potential loan facilities from international lenders. Management and investors framed the financing as enabling delivery of the project, improving grid stability and supporting UK clean energy ambitions.

  • GeoPura

    Participated · Debt Financing · Sep 2024

    GeoPura is focused on the HyMarnham Power project and has secured significant green financing to scale its operations. The company plans to use the £27 million loan to expand activities within the UK while simultaneously setting up a Danish hub dedicated to electrolyser support. These initiatives aim to strengthen GeoPura’s position in clean-energy infrastructure and broaden its geographical footprint. Beyond the expansion, the Danish hub will enhance the company’s capability to service electrolysers, a critical component of hydrogen production systems. The financing underscores the company’s commitment to low-carbon growth and operational scaling. No additional financial metrics, revenue figures, or user statistics were disclosed in the article.

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