A new scheme will offer funding solutions of up to £500,000 per project to help upgrade vacant and underutilised premises across Aberdeen and Aberdeenshire.
By addressing the viability gap associated with refurbishing older industrial property, the fund is designed to unlock significantly greater private investment.
The fund is part of the wider strategic partnership announced by ETZ and Scottish Enterprise earlier this year, which aims to create more business-ready industrial space and support companies to grow and diversify into energy transition markets.
Eligible work for this new round can include improvements to building performance, low carbon energy and heating systems, landscaping, accessibility and wellbeing measures, energy audits and carbon assessments.
Neil Young, Deputy Chief Executive of ETZ Ltd, said: “The Property Improvement Fund has already shown what targeted investment can achieve. It has helped bring long-vacant industrial buildings back into use, improve existing premises and create space for businesses to grow.
“This £2.5m fund will support projects across Aberdeen and Aberdeenshire. We want to hear from applicants with strong, deliverable proposals that can revitalise industrial property and help grow the region’s energy transition supply chain.”
The fund is open for applications now, with initial proposals expected to be reviewed before the end of the year and funding available across 2027/2028.
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