23/01/2024
Kudos to the NatWest Group who have just launched a very interesting new product to the world of business banking. A lending proposition for high-growth businesses that enables them to borrow against the value of their intellectual property (IP) portfolio.
At Reddie & Grose we’ve always advocated for IP to be viewed not just as a legal safeguard, but as a strategic investment that can make the company eminently more attractive to customers, partners and other stakeholders. NatWest has helped to make that link easier to substantiate going forward.
While high growth businesses generally own few conventionally tangible assets they can be sitting on highly valuable IP portfolios. Such businesses have historically found it more difficult to use their assets as collateral to secure growth funding than firms holding more conventional assets. Slowing down such businesses’ ability to scale impacts us all. It hits our GDP, restricts our choices and hampers our ability to tackle major issues such as climate change.
In today’s competitive landscape, where innovation is the driving force behind success, leveraging intellectual property has never been more crucial. NatWest Group’s forward-thinking lending proposition is a testament to the growing recognition of the immense value locked within intangible assets.
Now, more than ever, it’s time for businesses to reassess their IP strategy, not merely as a legal requirement but as a proactive investment in their future success. Let’s embrace the era where intellectual property is rightfully recognised as a tangible and powerful asset on the balance sheet.
How are you maximising the potential of your intellectual property? Let’s start a conversation and ensure your IP portfolio is supporting your overall business goals.
This article is for general information only. Its content is not a statement of the law on any subject and does not constitute advice. Please contact Reddie & Grose LLP for advice before taking any action in reliance on it.
