Support for growth firms

SMEs urged to apply for new Michelin funding

Brian Cairns: firms should come forward (pic: contributed)

Michelin Development is urging businesses to apply for newly-available funding to help underpin their growth plans.

SMEs in the Dundee, Tayside and Fife area could receive unsecured, subsidised loans and free expertise – if they have the potential to create high-quality, long-term jobs.

Brian Cairns, Michelin Development manager, Dundee, said: “In spite of all the challenges faced by businesses at the moment, some are absolutely primed for growth – they just need extra support to unleash really significant potential.

“That’s what Michelin Development is here for, and we need entrepreneurs and high-growth companies who want to invest in the future and create local jobs to come forward.”

Manufacturing, engineering and business to business service companies with fewer than 250 employees are eligible to apply. Unsecured loans from £5,000 are available, and they can usually be used to attract additional funding from other sources.

Mr Cairns added: “A lot of exciting things are happening in and around Dundee at the moment and Michelin Development wants to support and amplify that investment and regeneration.

“There are new and existing businesses across Dundee and South Angus that are ready to grow – we want to help them reach their potential.”  

Michelin Development is backed by a steering committee, which includes Michelin, Angus Council, Business Gateway, Dundee and Angus Chamber of Commerce, Dundee City Council, Scottish Enterprise and the Royal Bank of Scotland.

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