ETZ Ltd, a Scottish energy sector support organisation, has launched the fourth round of its Supply Chain Challenge Fund. The initiative aims to help high-growth potential companies in North-east Scotland's energy sector enter low carbon markets.

Since its launch in 2022, the four-year program has awarded circa £5 million to support 37 companies, unlocking a total investment of £14 million. The Challenge Fund provides grant funding between £50,000 and £250,000 to businesses for innovation, market entry, business growth, and job creation in the low carbon sector.

-- Advertisement --

"The Challenge Fund awards grant funding to accelerate innovation and market entry, support business growth, safeguard and create new jobs in new and existing low carbon sectors," ETZ said.

Eligible projects include new industrial facilities, manufacturing and automation of equipment, installation, and upgrades to existing industry infrastructure, including digital infrastructure.

The fund is primarily aimed at small and medium-sized enterprises (SMEs) based in Aberdeen City, Aberdeenshire, and Moray that are looking to transition into low carbon energy markets.

Administered by ETZ Ltd with support from the Scottish Government's Just Transition Fund, the Challenge Fund is now accepting applications until Friday, March 27th, 2025.