Three new jobs have been created at a chartered surveyors’ practice – after a £35,000 cash injection.
And the support from tyre-giant Michelin is expected to lead to further job creation at Mounsey Chartered Surveyors over the next five years.
The Stoke-on-Trent business applied for funding from the Michelin Development business support scheme to kick-start its ambitious growth plans – and double in size by 2024.
So far the £35,000 boost has allowed Mounsey to increase its workforce to a team of 10 in the last few months.
Company founder Richard Mounsey said: “When we took on the loan we employed seven people, but that has increased now to 10 in the last couple of months.
“We are having a good year, but it is forecasting that can be difficult. The support from Michelin Development has provided a safety net and comfort that we can utilise. Ultimately, it has enabled us to be confident and ambitious.
“The actual application process has also been very useful, as it helped us to review and look where we are going as a business.”
Mounsey Chartered Surveyors specialises in commercial property services, including acquisition and disposal, valuation, lease and rent renewal and property management.
The firm – which mainly operates within the M6 Junction 14 to 16 corridor – also carries out residential surveys and valuations.
Richard added: “Being in North Staffordshire is a great place for us, as we are gaining a reputation for being experts in this local area.
“We’ve got a great team here, who are mainly local, and a really good working environment.
“Our aim now is to double in size over the next five years, which will mean at least another four staff in the business.”
Michelin Development was launched to support the regeneration of the local business community and in particular the creation of quality, sustainable jobs.
Mike Cole, head of Michelin Development, is keen to hear from other North Staffordshire businesses looking to gear up for the next stage of growth.
He said: “Mounsey Chartered Surveyors is an example of a growing Stoke-on-Trent business, creating new jobs and underpinning the growth of the regional economy.
“Our message to other small businesses in a similar position is not to miss out.
“We have the funds in place, but we do need to receive applications to deliver this support and investment in our community.
“The companies we can help know their markets and figures. They just need a little extra support to move along on that growth journey, and that is where we can step in to help.”
