ETZ Ltd is launching the latest round of the Supply Chain Pathway and Challenge Fund. To date, £3.370million has been invested by ETZ Ltd to support 24 companies in their ambition to transition into low carbon sectors. This is a great opportunity for companies to de-risk and accelerate capital investment required to exploit low carbon 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 into the low-carbon market. Applications may include new facilities, new equipment and existing infrastructure upgrades, including digital infrastructure.
Tom Murdoch, MD, Brimmond with Freda Miller, Supply Chain Programme Manager ETZ Ltd
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 green energies.
Tom Murdoch, Managing Director, Brimmond said: "In 2022 Brimmond were successful in winning a significant project to provide new build equipment for an offshore windfarm installation. Due to our continued company growth and the large scale of this particular project we needed to both extend our workshop and expand our team in order to deliver/meet demand. Through reducing the risk associated with running multiple high value activities in tandem, funding from ETZ Challenge Fund allowed us to quickly react and continue to increase our facilities and headcount whilst taking on significant newbuild manufacturing projects".
Applications are now open until Tuesday, April 9. You can find out more by heading to our website https://etzltd.com/etz-in-action/get-involved/energy-transition-pathway/challenge-fund or contacting information@etzltd.com.