Challenge Fund
Positioning North East Scotland as a global leader in energy excellence and pioneering technologies
Supporting High Growth Potential Companies Across North East Scotland's Energy Sector
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 £500k 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.
Please contact etzchallengefund@etzltd.com for further information.
See Below Case Study Video for Safelift Offshore Ltd
Click to read short case studies
“The ETZ Challenge Fund has been instrumental in supporting HPR Rov to test and validate robotics for subsea inspection solutions in the offshore wind industry, particularly for high-current environments. This funding accelerated our technical development and enabled us to demonstrate the robustness, reliability and efficiency of our technology in real-world conditions. Beyond the technical support, the Fund significantly elevated our profile within the offshore wind sector and positioned us as a key player in supporting the global energy transition. We’re grateful for ETZ’s backing, which has been vital in helping us advance innovation and contribute to a more sustainable energy future.”
Jan Stander
Managing Director, HPR ROV
“We at MDL would like to extend our sincere gratitude to ETZ Ltd for their invaluable grant funding support. Thanks to this assistance, we were able to acquire equipment which has significantly enhanced our operational capabilities, specifically in relation to our new Carousel to be located at our Peterhead Energy Service Base. This support has enabled us to continue delivering high-quality services and respond more effectively to the needs of our clients. We appreciate ETZ Ltd’s commitment to empowering local businesses and look forward to a continued partnership in the future.”
Graeme Little
Financial Director, MDL
“Support from Energy Transition Zone Ltd has been instrumental in accelerating Nessco’s move into the low-carbon energy sector. The funding has enabled us to establish our Aberdeenshire facility, scale our renewables capability, and create high-quality green jobs. It provides a strong foundation for our growth, supporting our ambition to exceed 50% renewables backlog and play a meaningful role in decarbonising our industry.”
Geoff Veitch
Chief Risk Officer, Nessco Group
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