Software Asset Finance
SMEs are the lifeblood of the UK economy. However, most SMEs will require funding during the restart phase to fuel innovation and market development. Could Software Asset Finance be the answer?
30 June 2020
SMEs are the lifeblood of the UK economy. Their ability to innovate and grow fast are a key determinant in our successful post covid-19 recovery, and to our nation’s long-term competitiveness. However, most SMEs will require funding during the restart phase to fuel innovation and market development.
How will SMEs operating within the UK knowledge-based economy such as Immerse UK members, secure the funding they need to drive the economic recovery we all need? With most mainstream lenders still requiring security against fixed assets, this could be a major stumbling block. In today’s knowledge-based, data-driven economy, fewer companies have the need to invest in tangible assets: a survey by Standard & Poors in 2018 showed that 84% of the total value of S&P top 500 companies was made up of intangible assets, up from 17% in 1975, when the top 500 was dominated by more traditional manufacturing companies.
So, how do we facilitate access to much needed loans for companies where the main assets are intangible, particularly intellectual property for which there is no standard valuation process?
Article originally published on Immerse UK Org