Software Exports Hindered by Lack of Lending, It Chief Warns

Summary


SCOTTISH technology firms seeking to export their software are being hampered by banks which are unwilling to back their products, according to the new chairman of ScotlandIS.

David Cairns, who was appointed to the IT trade body earlier this month, says the Scottish Government should use part of its limited enterprise budget to set up a low-cost technology insurance initiative that would encourage banks to support the sector.

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Extract


Software Exports Hindered by Lack of Lending, It Chief Warns

He believes that such a proposal, which would act like other credit guarantee schemes and insure banks against the ...

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