A new Business Transition Fund is being established to support businesses to build back better from the impacts of the pandemic, with a focus on solutions such as improving digital resilience, physical adaption, Net Zero improvements/energy efficiencies or other interventions which will support their recovery as well as attract and retain talent.
This fund is aimed at Aberdeen businesses with growth potential, to support their recovery by adapting their business to meet the challenges of the post Covid-19 economic landscape.
Engagement with businesses during the Covid restrictions has highlighted a number of areas of concern. Immediate financial distress, changes to operating practices and additional regulations have left many businesses with inadequate financial power to adapt to the changing landscape. Additional challenges created due to lack of income are costs associated with new ways of working, development of new processes to reflect new markets, upgrading systems to reflect new regulations and inability to diversify.
As a direct result of the restrictions, many businesses have experienced their markets reduce, supply chain disruption and a requirement to shift to a more digital offering.
The purpose of the fund is to support businesses who are not able, due to immediate financial pressures, to adapt to new ways of working or to make investment towards remaining competitive in a post Covid-19 economy.
How to Apply
To apply for a grant please first read the full criteria and guidance on this page. This is a more substantial application than previous Covid-19 grants, so we recommend that you have all the necessary information and supporting documents you require at hand before starting.