The Michelin Development Business Loan Scheme
Michelin Development, which aims to support job growth in areas that Michelin’s sites are/were located, are seeking applications from manufacturing, engineering and business to business service companies with fewer than 250 employees for the Michelin Development Business Loan Scheme.
Eligible Scottish small and medium-sized enterprises located in and around Dundee, Coupar Angus, Forfar, Arbroath, Carnoustie, Leuchars and Cupar 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
The Michelin Development loan can be used on a range of projects which are linked to the creation of jobs, including purchase of capital equipment, process improvement, working capital and marketing.
Before applying, applicants must be able to provide a viable business plan together with relevant financial account information. You can check your eligibility and learn more about the Michelin Development Loan Scheme here.
To discuss your own circumstances or if you need support submitting an application form with the correct financial evidence, please contact our EQ Engineering & Manufacturing team on [email protected] or contact one of our offices.