Challenge Fund
Positioning North East Scotland as a global leader in energy excellence and pioneering technologies
ETZ Ltd's Challenge Fund supports high-growth potential companies across North East Scotland's energy sector enter the low-carbon and green energy industries. The Challenge Fund awards grant funding between £50k and £250k to accelerate innovation and market entry, support business growth, and create new jobs in the low-carbon and green energy markets. Applications can include new facilities, automation of equipment and existing infrastructure upgrades, including digital infrastructure.
Awards in the upper end of the range will only be considered if there is a particularly strong funding case. The fund primarily supports SMEs currently servicing the oil and gas energy area in Aberdeen City, Aberdeenshire and Moray transition to opportunities in the green energy market.
The challenge fund is led by ETZ Ltd and supported by the Scottish Government's Just Transition Fund.
We are now operating a reserve list and accepting applications – please contact etzchallengefund@etzltd.com for further information.
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Get in touch for details of how we can support your business, including details on the Property Improvement Fund, Challenge Fund, and access to partner organisations
Click to read short case studies
“Woollard and Henry, an employee-owned engineering company, based in Aberdeen, were delighted with the support given by ETZ Ltd through the matched grant contribution. It has allowed the company to continue it’s diversification strategy and position itself ready for further opportunities within renewable and green energy sectors.
The investment in state-of-the-art machining and fabrication equipment will allow the company to remain competitive and offer the high-quality services required in the market”.
Fred Bowden
Managing Director
Woollard and Henry
“The awarded matched grant contribution from the ETZ Ltd Challenge Fund has enabled Peterhead Port to move forward with our plans for supporting offshore wind. The new pontoons installed at the Port specifically provide Peterhead Port Authority with the additional infrastructure required to safely accommodate an increased volume of offshore wind support vessels, and in doing so will also help to secure and build a local supply chain capability in the Peterhead area. ETZ Ltd provided excellent support and encouragement both throughout the application process and following the successful award. We fully appreciate the continuing support that ETZ Ltd provide through their various programmes and services.”
Keith Mackie
Head of Business Development Energy Transition
Peterhead Port Authority
“Partnering with ETZ Ltd has been instrumental in our transition towards renewable energy. The grant we received through the ETZ Ltd Challenge fund enabled us to accelerate the development of our innovative cloud platform tailored to support the successful delivery of multi-faceted wind projects with multiple stakeholders. Creating innovative solutions is always a complex endeavour, and venturing into a new sector only amplifies those challenges. ETZ Ltd’s support was crucial in helping us to navigate the inherent risks, expand our team, and build the necessary in-house expertise. This funding empowered us to successfully expedite the process, accelerate our transition into renewables, and safeguard & secure green jobs.”
Nassima Brown
Co-Founder, Strategy Director
Fennex
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