The Property Improvement Fund, delivered by ETZ Ltd. and funded by Scottish Enterprise, supports the upgrade and refurbishment of vacant and underutilised properties across Aberdeen City and Aberdeenshire, helping create high-quality space for businesses operating in the energy transition economy.

The fund aims to tackle a key challenge facing the North-East property market: an oversupply of older industrial buildings that no longer meet the needs of modern businesses. By supporting refurbishment projects where commercial viability gaps exist, the fund will help bring vacant buildings back into productive use, unlock private investment and create space for business growth. 

The Fund aligns with ETZ Ltd.’s ‘brownfield first’ approach and investment programme to deliver market-ready properties for high-value manufacturing and the wider supply chain, ensuring high quality properties are available to attract companies operating in low carbon markets. 

Funding will be paid to successful applicants in arrears. 

You are eligible if your business:

• is registered in the UK
• owns vacant industrial property in Aberdeen or Aberdeenshire
• intends to refurbish vacant industrial property 
• meets fair work and environmental requirements 

It is free to apply for this fund. 

Industrial property owners and landlords, seeking to refurbish vacant industrial assets in Aberdeen City and Aberdeenshire. 

An advisor will be in touch within 10 days of receipt of application. 

You may be asked to repay the funding in full or in part, but this will be determined on a case by case basis. Repayment would be triggered by successful lease or sale or the property. 

You will be asked to provide company accounts, and project plans in support of your application.  

Visit the ETZ Ltd. website for more information and to complete an application form.