Michelin Development Issues North Staffordshire a Challenge
In response to recent figures that show North Staffordshire to be the worst performing region for new business development and start-ups, Michelin Development has issued a challenge to companies in the area to become more entrepreneurial.
Newly released statistics from Michelin Development Ltd – the business development arm of Michelin Tyre Plc – show the North Staffordshire region to be the lowest ranking of the four regions – East Lancashire, Dundee and Ballymena – where the Michelin Development fund is available to firms. Having only two years ago accounted for 48 per cent of all the jobs created through investment assistance from the Michelin Development fund, North Staffordshire now finds itself in alarming decline with no new loans or jobs created in 2008.