Vaso Global, the housebuilding innovator which takes waste glass and converts it into high‑performance structural composite panels capable of delivering rapid, low‑carbon, modular homes and buildings, has secured more than £5 million in funding to help it tackle the UK’s housing crisis.
Based in Dumfries, Scotland, the company has secured £1.4 million seed investment from PXN Ventures along with £621,000 from Scottish Enterprise. It has also secured a £2 million loan approved by Innovate UK Loans Limited, a division of UK Research and Innovation (UKRI), and £800,000 from Eco Group, which will be the delivery partner for the initial Vaso Global build projects.
The company combines digital design, integrated manufacture and semi-autonomous construction, to provide affordable, thermally efficient, low-carbon homes which are swift to construct, enabling it to respond to the UK’s need to build more homes more quickly.
Vaso by Eco had previously secured £330,000 from South of Scotland Enterprise (SOSE) to advance the commercial roll-out of its innovative recycled-glass building technology.
The latest funding will enable Vaso Global to develop manufacturing processes at its new 60,000-square-feet manufacturing site in Dumfries, creating up to 70 jobs within the next five years, with the plant adopting industrialised construction methods. The funding will also help the company find strategic routes to market over the next two years and plan for future investment.
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.
The wider impact of the investment will also strengthen the circular economy in the South of Scotland, turning waste materials into high‑value products while supporting regional innovation, boosting manufacturing capability and delivering new jobs and skills opportunities in a predominantly rural area.
Tom Croy, PXN Ventures Investment Director, said: “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.”
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