Growing SMEs in Dundee, Angus and Fife that have the potential to create jobs are being urged to apply for special support packages.
They could receive unsecured, subsidised loans and free expertise courtesy of Michelin Development, the agency set up following the closure of the Dundee tyre plant.
The funding is open to small and medium-sized businesses in and around Dundee, Coupar Angus, Forfar, Arbroath, Carnoustie, Leuchars and Cupar - if they have the potential to create high-quality, long-term jobs.
Michelin Development manager, Dundee Brian Cairns 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.
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.
The £5m programme was set up following the closure of the Michelin tyre plant this year with the loss of 845 jobs.
