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ETZ Ltd Challenge Fund
ETZ Ltd has launched the latest round of the Supply Chain Challenge Fund. To date, £5m has been invested by ETZ Ltd to support 37 companies in their ambition to transition into low carbon energy sectors. This is a great opportunity for companies to de-risk and accelerate capital investment required to exploit these markets.
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. Applications may include new industrial facilities, manufacturing and automation of equipment, installation, and existing industry infrastructure upgrades, including digital infrastructure.
Consideration will only be given to awards at the upper end of the range if there is a particularly strong funding case.
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 existing low carbon markets.
The Challenge Fund is administered by ETZ Ltd and supported through the Scottish Government’s Just Transition fund.
Applications are now open, until the deadline date 27 March 2025.
Forth and Tay Offshore Newsletter - February 2025
Welcome to the February issue of our e-newsletter, where you can read about industry events and publications as well as activities that the Forth and Tay Offshore (F&TO) cluster is leading or supporting.
Claim R&D Tax Relief for Grant-Funded Offshore Energy Projects
Member blog
by Fawzi Abou-Chahine, FI Group
Claim R&D Tax Relief for Grant-Funded Offshore Energy Projects
Fawzi Abou-Chahine from FI Group weighs in on the importance of maximising R&D tax relief for grant-funded offshore energy projects. With extensive experience in helping businesses navigate the complexities of R&D tax credits, Fawzi provides valuable insights on how offshore firms can avoid common pitfalls and ensure they are fully leveraging available funding opportunities.
How to avoid common mistakes in R&D tax credit claims.
Recent statistics from HMRC indicate that SMEs in the offshore energy sector are increasingly funding their R&D projects through subsidised expenditure, either via grants or commercial contracts. However, many businesses miss out on potential tax relief simply because they don’t realise their grant-related expenditure is eligible. Below are five ways to help you identify if your project costs are suitable for relief, to help you maximise your funding.
Member Spotlight: V-TES Renewables
V-TES Renewables delivers specialist electrical engineering services to the renewables industry both on and offshore, providing High Voltage (HV), Fibre, Switchgear and Rope Access expertise.
The servicing and maintenance of an offshore wind farm’s electrical system requires a combination of scheduled inspections, routine maintenance, and prompt repairs. Regular monitoring and maintenance activities help ensure the reliable and efficient operation of the electrical infrastructure.
Our expert team of qualified field service engineers and technical support professionals provide electrical design solutions, installation and maintenance support, commissioning, and electrical training to our customers globally.
Propeller Fuels: Your Trusted Partner in the UK Marine Fuel Market
Member introduction
Looking for reliable marine fuel solutions in the UK? Propeller Fuels is a leading physical supplier of marine gas oil (MGO), dedicated to meeting the needs of vessels operating across the UK’s busiest ports. We deliver high-quality marine fuel, tailored services, and unmatched reliability to ensure your fleet operates efficiently and on schedule.
As a trusted name in the marine industry, Propeller Fuels eliminates intermediaries by supplying fuel directly to our clients. This hands-on approach guarantees consistent quality, competitive pricing, and dependable delivery times. Whether you operate workboats, fishing fleets, or large commercial vessels, we’ve got your fueling needs covered.
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