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At NatWest Group, we understand that high-growth businesses need funding to scale and grow in line with their ambitions.

 

However, many firms may lack valuable traditional fixed assets to pledge as security for loans. That’s why in January 2024, we launched an innovative new lending proposition that enables businesses to unlock the value of their intellectual property (IP).

 

Open Bionics, a Bristol-based prosthetics manufacturer, is one such company. It secured a six-figure loan from NatWest Group using intellectual property as collateral to invest in expanding its operations in the US.

"We’re really excited to use this funding to supercharge growth," says Samantha Payne, Open Bionics co-founder and CEO. "For a company like ours, it’s been great to be able to leverage our intellectual capital through such an innovative funding solution".

 

With loans starting from £250,000, IP-backed lending aims to improve the funding pipeline for high-growth UK businesses who, because of their lack of fixed assets, often find it difficult to secure funding to drive their growth.

 

For Louis Spencer, Relationship Director at NatWest Group, this new form of lending is an example of how the bank can be a vital partner to businesses such as Open Bionics.

 

"This financing solution bridges a gap by enabling scale-ups like Open Bionics to use their intangible assets – such as patents, copyright and trademarks – to secure lending and ultimately drive growth."

Jayden Patel (left) working with NWG Accelerator Manager Jess Grocutt (right).

2024 Annual Report

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The case studies included on our website are intended for illustrative purposes only and they are provided to demonstrate potential outcomes and should not be construed as definitive evidence. The content and reliability of these case studies are not the responsibility of NatWest Group and we make no representations or warranties regarding their accuracy. The opinions, conclusions and views expressed in these case studies are solely those of the individuals or companies who provided them and do not necessarily reflect the views or policies of NatWest Group.

The material published on this page is for information purposes only and should not be regarded as providing any specific advice, or used by consumers to make financial decision. Terms and conditions apply to any products or services mentioned.

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