# National Wealth Fund invests £43.5M in Pulpex fibre bottle plant near Glasgow

The UK National Wealth Fund committed £43.5 million in direct equity to Pulpex, which will build a commercial-scale fibre bottle plant near Glasgow producing 50 million bottles per year. The Scottish National Investment Bank adds £10 million, bringing total funding to £62 million, and 35 jobs are expected.

- Type: Investment
- Announced: 2025-02-20
- Where: Glasgow, Scotland, United Kingdom
- Value: $54.0M (43.5M GBP)
- Jobs: 35
- Status: announced
- Capacity: 50 million bottles per year
- Products: fibre-based bottles
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Pulpex](https://endata.com/companies/7972.md)
- [National Wealth Fund](https://endata.com/companies/12794.md) (investor)
- [Scottish National Investment Bank](https://endata.com/companies/12795.md) (investor)

## Sources

- [wired-gov.net](https://www.wired-gov.net/wg/news.nsf/articles/national+wealth+fund+makes+first+investment+in+scotland+20022025092000), 2025-02-20: "This latest NWF investment is welcome news, creating jobs, sustainable growth and opportunity in Scotland."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.