ETZ Ltd continues to support high-growth potential companies across North-east Scotland’s energy sector to enter low carbon markets, and has launched its fourth round of the Supply Chain Challenge Fund, open now for new applications.
To date, circa £5million has been invested by ETZ Ltd to support 37 companies in their ambition to transition into low carbon energy sector unlocking a total £14m investment since launch of the four-year programme in 2022.
The Challenge Fund awards grant funding between £50k and £250k to accelerate innovation and market entry, support business growth, safeguard and create new jobs in new and existing low carbon sectors.
Applications may include new industrial facilities, manufacturing and automation of equipment, installation, and existing industry infrastructure upgrades, including digital infrastructure.
The fund will primarily support SMEs servicing the oil and gas market in Aberdeen City, Aberdeenshire and Moray who have an ambition to transition into new or existing commercial opportunities in the low carbon energy sector.
The Challenge Fund is administered by ETZ Ltd and supported by the Scottish Government’s Just Transition fund.
Applications are now open until Friday, 27th March. You can find out more here.
