Finance Availability Fuels Technology Investment Growth
Finance availability is boosting technology investment by European medium-sized companies, according to the latest survey from Siemens Financial Services’ ongoing research. The latest phase of this research programme, completed in March 2005, reveals that technology finance is readily available for these mid-sized companies and is boosting technology uptake, across IT, business equipment, plant and vehicles, fuelling recovery growth. Leasing is currently the most favoured financing method for technology investment in across Europe, but especially in France. Although technology finance availability lags somewhat in Germany compared to the UK and France, all countries are showing positive signs in this important proxy for general economic recovery. Financial options, while strong overall, have further penetration potential, especially for software and production equipment (plant).