VASO Global has secured more than £5 million in funding to accelerate the rollout of its recycled‑glass building system and expand manufacturing capacity at a new 60,000 sq ft facility in Dumfries. The company’s Vaso by Eco structural composite panels are made from recycled glass and are designed to deliver homes and other buildings rapidly and at lower carbon through precision offsite manufacturing.
The funding package combines private and public investment. PXN Ventures Scotland has invested £1.4 million as part of a round exceeding £5 million, alongside support from Scottish Enterprise, Innovate UK, South of Scotland Enterprise and ECO Group. Scottish Enterprise has confirmed its contribution of £621,000 and Innovate UK has provided a £2 million innovation loan, with ECO Group investing £800,000 and acting as delivery partner on initial projects. Earlier backing of £330,000 from South of Scotland Enterprise helped VASO Global move its recycled‑glass composite technology from development into commercialisation.
The investment will support the ramp‑up of panel production at the Dumfries facility and is expected to create up to 70 jobs over the next five years, strengthening the circular economy and manufacturing base in the South of Scotland. It will also underpin market expansion across the UK over the next two years and help prepare the business for future growth funding.
Eddie Black, Co‑Founder and Managing Director of VASO Global, said: “We want to thank all those who have seen the potential in our technology. The latest investment from PXN Ventures and Scottish Enterprise, along with all our other funders, accelerates our journey to deliver a product which can genuinely reshape how homes are delivered – cleaner, faster and with far less waste.”
He added: “We would like to also thank Professor Sean Smith at the University of Edinburgh for his reports and expert support, funded by the UKRI Centre for Net Zero High Density Buildings, which has helped underpin VASO’s plans and products to reach this stage of our development.”
Tom Croy, Investment Director at PXN Ventures, said: “At PXN we back companies solving real problems, and the UK’s housing shortage is about as real as they get, which is why we’re proud to back Eddie and the team as they scale a genuinely sustainable way to build not just houses but other essential buildings.”
“On top of supporting local jobs and opportunities, VASO Global’s recycled composite panels enable builders to build far faster than traditional methods, with the company expecting to cut construction time from 33 weeks to 10 on an upcoming project in Scotland,” Croy added.
Derek Shaw, Director of Entrepreneurship and Investment at Scottish Enterprise, said: “Our investment support is focused on helping Scotland’s most innovative and ambitious companies to grow and scale, creating impactful economic change in regions across Scotland.”
“VASO Global is a fantastic example of this, with its manufacturing approach having the potential to transform how low‑carbon homes are delivered at pace and scale, while creating job opportunities and strengthening the South of Scotland’s manufacturing capability,” Shaw continued.
Scott O’Brien, Chief Investment Officer at Innovate UK, said: “When Innovate UK launched its Prospectus in March 2025, its ambition was to foster future industry giants with the ambition to scale through their cutting‑edge technologies.”
“VASO delivers advanced materials that support clean energy goals and sustainable housing. Innovate UK’s £2m innovation loan will deliver the technical and commercial maturity that will accelerate their growth,” O’Brien added.
The latest funding follows governance changes at VASO Global, including the appointment of Graham McDonald as chairman and Douglas Morrison, Deputy CEO of Built Environment – Smarter Transformation (BE‑ST), as a non‑remunerated strategic adviser, as the company prepares for its next phase of growth.
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