The company merges digital design, integrated manufacture and semi-autonomous construction, to provide low-carbon homes which can be built rapidly, enabling it to respond to the UK’s need to construct more homes at a faster pace.

VASO Global secured £1.4m seed investment from PXN Ventures and £621,000 from Scottish Enterprise. The company has also secured a £2m loan approved by Innovate UK Loans Limited, a division of UK Research and Innovation (UKRI), and £800k from ECO GROUP which will serve as the delivery partner for the initial VASO Global build projects.

VASO by Eco had previously gained £330k from South of Scotland Enterprise (SOSE) to deliver the roll-out of its recycled-glass building technology.

The most recent funding will enable VASO Global to develop manufacturing processes at its new 60,000 square feet manufacturing site, located in Dumfries.

Eddie Black, VASO global co-founder and managing director, said: “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.

“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, PXN Ventures investment director, 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.”

Derek Shaw, Scottish Enterprise director of entrepreneurship and investment, 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.”

Scott O’Brien, Innovate UK Chief Investment Officer, said: “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.”

Professor Russel Griggs, SOSE chair, said: “SOSE is committed to supporting innovation and tackling our foundational challenges, including housing. Supporting the early commercialisation and production of VASO’s technology allows us to do both.”

Gary Robertson, Eco Group opportunity strategist, said: “Providing thermally efficient, healthy homes supports a stable workforce, improves productivity, reduces public costs, and unlocks long-term, inclusive growth.”