Energy Transition Zone (ETZ) has launched the first round of its new fund aimed at supporting companies servicing the oil and gas market to take advantage of opportunities in green energy.
Specifically targeting companies located in Aberdeen, Aberdeenshire and Moray, the Energy Transition Supply Chain Pathway and Challenge Fund, backed by the Scottish Government’s Just Transition Fund, will support development of company plans to enter new energy markets, identify capital requirements, and deliver capital investment grants to assist the energy supply chain.
Grant funding of between £50,000 and £250,000 from an overall tranche of over £2m will be awarded to accelerate innovation and market entry, support business growth and create new jobs in the energy transition into the low-carbon market.
