Dundee area: MICHELIN DEVELOPMENT BUSINESS LOAN SCHEME

Michelin Development in the UK aims to contribute to the economic regeneration and long-term prosperity of the areas in which Michelin’s sites are/were located. Michelin has always been involved in supporting local communities, both socially through participation in local initiatives and in the form of economic development support. However, the launch of Michelin Development provides an opportunity to have a far greater impact on our ability to support the regeneration of the local business community and in particular the creation of quality sustainable jobs.

Successful applicants can receive access to finance:

• Unsecured loans from £5,000 through Michelin’s associate bank at a subsidised interest rate
• Repayment period of three to five years

As the funding is private, it can normally be used to ‘gear up’ public and other forms of loan 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 but a few.

The Michelin Development fund is promoted via traditional and online media. Businesses that are successful in applying for Michelin Development support could be given the opportunity to get involved with press releases, case studies and other PR activities, providing valuable publicity to you and your business.

full details here >>> Welcome to the Michelin Development Business Loan Scheme – Michelin Development