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.
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.
Visit ETZ Ltd's website for more information https://etzltd.com/etz-in-action/get-involved/energy-transition-pathway/challenge-fund or contact information@etzltd.com.
