Holmes Mackillop Solicitors has welcomed The Royal Bank of Scotland’s Intellectual Property (IP) lending product launch as an additional source of early-stage investment.
The lending offer will deliver loans ranging from £250,000 to £10 million and ensure that businesses without significant access to physical assets can borrow against the value of their IP, such as patents and trademarks.
RBS-owner NatWest Group launched IP lending for businesses in England and Wales in 2024 and this new product was enabled by the Moveable Transactions (Scotland) Act 2023, which came into effect last year.
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Rachel Loose, senior solicitor at Holmes Mackillop, said: “The launch of this new IP lending product, which brings Scotland into line with England and Wales, is a welcome additional source of early-stage investment for high growth/high tech companies and will be welcomed by the investment community as well as potential borrowers in industry.
“It has long been recognised that rather than tangible physical assets that are typically used as collateral in traditional lending, companies operating within the creative and innovation sectors instead have considerable IP and intangible assets that the Moveable Transactions (Scotland) Act 2023 has enabled to be harnessed effectively to facilitate an improved flow of capital.”
The Act allows businesses to use IP as collateral without giving up possession or ownership through creating and registering a fixed security in the newly established Register of Statutory Pledges (RSP).
