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Milestone: 1st Microloan

Invest in Renfrewshire > News  > Milestone: 1st Microloan

Milestone: 1st Microloan

 A Paisley fashion business is the first local company to receive a microloan. Sleek Fashions, based in the Piazza shopping centre, is using the £5,000 loan to promote the business and to develop a website to complement its shop.

Sleek Fashions is also taking on two new members of staff thanks to additional support from the Renfrewshire Employer Recruitment Incentive.  The company has used wage subsidy funding to take on two assistant managers, Deborah O’Donnell and Emma Christie, both of whom are from Paisley and were previously unemployed

Councillor Roy Glen, convener of Renfrewshire Council’s Economy and Jobs Policy Board, said:

We’re delighted to be able to help local businesses like Sleek Fashions to grow and create jobs. Since its launch last year, more than 200 businesses have signed up. We are providing a wide range of services to help them grow and as a result, they are creating employment opportunities for unemployed young people across Renfrewshire.

Samina Baig, director of Sleek Fashions, said:

The business is going really well so I’m using the loan to take it to the next level by developing the website to increase online sales. It’s great that Invest in Renfrewshire is available to help businesses like mine and I’m looking forward to expanding the company and taking on more young people like Deborah and Emma.


For more information on microloans, ERI and other support available call 0300 300 1180 or email invest@renfrewshire.gov.uk.

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