News
ETZ Ltd Challenge Fund
ETZ Ltd has launched the latest round of the Supply Chain Challenge Fund. To date, £5m has been invested by ETZ Ltd to support 37 companies in their ambition to transition into low carbon energy sectors. This is a great opportunity for companies to de-risk and accelerate capital investment required to exploit these markets.
The Challenge Fund supports high-growth potential companies across North East Scotland’s energy sector to enter the low carbon industry. The Challenge Fund will award grant funding between £50k and £250k to accelerate innovation and market entry, support business growth, and create new jobs in the energy transition. Applications may include new industrial facilities, manufacturing and automation of equipment, installation, and existing industry infrastructure upgrades, including digital infrastructure.
Consideration will only be given to awards at the upper end of the range if there is a particularly strong funding case.
The fund will primarily support SMEs servicing the Oil and Gas market in Aberdeen City, Aberdeenshire and Moray to transition to new or existing opportunities in new and existing low carbon markets.
The Challenge Fund is administered by ETZ Ltd and supported through the Scottish Government’s Just Transition fund.
Applications are now open, until the deadline date 27 March 2025.
RSS