The finest meet and eat breakfast event on 4th October welcomed Mike Cole, Director of Michelin Developments Ltd, to share the latest opportunities available to small and medium enterprises (SMEs) – companies of up to 250 employees. Michelin Development is a scheme that has been set up to assist with the economic development and longterm prosperity of the regions where their sites are or have been located. The regions that are currently eligible for support from Michelin are Dundee, Ballymena and North Staffordshire.
The Michelin group are offering two services to SMEs: financial support and business expertise. An unsecured business loan of £5000 or more, to be repaid over three to five years at the Bank of England base rate. Access to free of charge independent advice from Michelin’s considerable in-house expertise is included in addition to or instead of financial support. Michelin holds a diverse range of expertise from health and safety to recruitment, sales training and productivity improvement.
The offer is available to companies with projects that demonstrate the potential to create high quality and sustainable jobs. The funding is private so it can normally be used to ‘gear up’ public and other forms of loan funding. There may also be an additional opportunities for relevant clients to tender for business with Michelin and all successful companies will be featured in a press release of the scheme, gaining free
exposure and marketing.
For more information of the scheme visit http://www.michelindevelopment.co.uk/contacts.htm or contact Mike Cole at mike.cole@uk.michelin.com.
Staffordshire University representatives at the event included Janet Daragheh, Catherine Edwards, Frances Seabridge and Nathalie Maddocks.
Source: Staffordshire University Business School Newsletter October 2011
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