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.
Access to advice
Through our local stakeholder networks and in-house expertise, we are able to access advice for businesses on a wide range of needs including sales and marketing training, health & safety, recruitment and productivity.