Michelin Development in the UK offers the following support to small and medium sized enterprises up to 250 employees (SMEs).
Note: in most cases the applicant will be required to invest some of his or her own equity into the project.
The funding is private so it can normally be used to 'gear up' public and other forms of loan funding.
Access to advice and expertise
- Access to finance
- Unsecured loans from £5,000 through our associate bank at Bank of England base rate
- Repayment period of 3 to 5 years
Note: in most cases the applicant will be required to invest some of his or her own equity into the project.
The funding is private so it can normally be used to 'gear up' public and other forms of loan funding.
Access to advice and expertise
- Access free of charge to independent advice from Michelin's considerable in-house expertise.Anything from health & safety to recruitment, or sales training to productivity improvement.
- Where the product or service is appropriate the client may be invited to tender for Michelin business.
- Finally a press release will be created for successful applications, thus providing the potential for valuable publicity.
The initiative: What is on offer
Creation of jobs
Support is available to viable projects that can demonstrate the potential to create quality, sustainable jobs.
Viability
Applications must be supported by a viable business plan or a 'Business Diagnostic Health Check' carried out by an accredited business advisor together with relevant financial accounting information.
Market sector and geographical location
Whilst applications can be submitted from any new start-up or existing small/medium sized business located within or relocating to the areas indicated below, priority support will be given to those businesses in the Manufacturing and Service sectors.
Click below for area coverage maps
North Staffordshire area map
Dundee area map
Ballymena area map
Support is available to viable projects that can demonstrate the potential to create quality, sustainable jobs.
Viability
Applications must be supported by a viable business plan or a 'Business Diagnostic Health Check' carried out by an accredited business advisor together with relevant financial accounting information.
Market sector and geographical location
Whilst applications can be submitted from any new start-up or existing small/medium sized business located within or relocating to the areas indicated below, priority support will be given to those businesses in the Manufacturing and Service sectors.
Click below for area coverage maps
North Staffordshire area map
Dundee area map
Ballymena area map
Uses of funding
A Michelin Development loan can be used for a whole range of projects which are linked to the creation of jobs. This could include purchase of capital equipment, process improvement, working capital and marketing, to name just a few.
A Michelin Development loan can be used for a whole range of projects which are linked to the creation of jobs. This could include purchase of capital equipment, process improvement, working capital and marketing, to name just a few.
MICHELIN DEVELOPMENT UK
The areas in which we help
Funding & expertise for local SME's in North Staffordshire, Dundee and Ballymena. Helping business expand into Europe and the USA.
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