Celebrating many years of supporting local businesses

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 located – Ballymena, Dundee and Stoke-on-Trent.

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.

What is offered?

Michelin Development in the UK offers financial support, as well as business expertise and advice, to small and medium sized enterprises (SMEs) that employ up to 250 people. Applicants are able to choose financial help, business expertise/advice, or both. Support is available to viable projects that can demonstrate the potential to create quality sustainable jobs.

To find out about Support for charities or community organisations, CLICK HERE

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Financial Support

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.

Note: in most cases, the applicant will be required to invest some of his or her own equity into the project.

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Access to advice and expertise:

Applicants can access free, independent advice from Michelin’s considerable in-house expertise. The areas covered can be tailored to your business’ needs and could include recruitment, health & safety, sales and marketing training, or productivity – to name but a few. The advice and expertise support can be delivered to you in a variety of different ways including workshops with small groups of people or one-to-one sessions.

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.

Our Mission

Working in conjunction with regional development agencies, local government and business support agencies, Michelin Development in the UK aims to:

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Stimulate employment creation through attracting inward investment

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Generate or safeguard sustainable quality employment within existing and new businesses

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Assist in the shaping and development of projects in conjunction with local business-support agencies

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Encourage skills and entrepreneurship able to support the long-term future of the local region

Who can apply?

To see if you qualify to apply for support, answer our quick questionnaire:

  • Do you employ less than 250 people?
  • Is your business in manufacturing, engineering or services sector (business to business)?
  • Will the funding support the creation of jobs?
  • Are you based in or around Ballymena, Dundee or Stoke-on-Trent (see geographic locations below)?

If you answered yes to all of these questions, then we might be able to help you.

See the ‘How to Apply for Funding‘ section for more details

Geographic locations

Michelin Development supports SMEs in and around Ballymena, Dundee and North Staffordshire, which is where Michelin’s UK sites are based.

  • Ballymena (view map): We cover the whole of the County Antrim area, excluding Belfast
  • Dundee (view map): We cover Dundee, Coupar Angus, Cupar, Leuchars, Carnoustle, Arbroath, and Forfar
  • North Staffordshire (view map): We cover Newcastle-under-Lyme, Stoke-on-Trent and Staffordshire Moorlands
Viability

Applications must be supported by a viable business plan together with relevant financial account information.

Market sector

Applications are invited from any new start-up or existing small or medium sized business located within, or relocating to the areas above, from the manufacturing and service sectors (B2B).

Success Stories

  • Lancashire IT Company Revs Up Growth

    Set up in Burnley, Lancashire, in 1999. Stonehouse Logic installs and manages computer systems for small to medium-sized enterprises (SMEs). As a Microsoft Gold and Sage partner, the company is able to supply customers with IT solutions and comprehensive support for both systems, helping to simplify their supply chains.

    Read More
  • SPB finds its perfect fit

    How an ambitious Staffordshire manufacturer rejected traditional funding options to pursue growth with the help of a leading business support scheme.

    Read More

Funding in other locations

Michelin Development schemes exist in Europe and the USA where there are, or were, Michelin factories

We are keen to promote our counterpart towns and cities so that companies who are considering, expanding or sitting an operation in Europe or the USA can take advantage of business development assistance in our partner organisations.

Find out about support in France, Italy, Spain and the USA.

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Contact Us

If you’d like any help with anything on this site please get in touch using this form.