Computer2000, the UK arm of Tech Data, announced today that it is extending its credit lines to the channel in line with the January VAT increase to ensure that resellers’ ability to do business is not restricted by the change.
This further injection of £100m credit per month into the channel is in addition to the £320m increase that Computer 2000 has made over the past 12 months. It means the company is now providing financial capital approaching £1bn per month in credit facilities to its customers.
As a result of this significant new injection of credit, resellers will be in a better position to trade effectively in 2011 said Andy Dow, Group Marketing Director at Computer 2000.
“Over the past year, the whole channel has faced considerable financial challenges. We responded by making additional credit available to resellers so that they could make the most of their opportunities and trade effectively. This additional and very significant injection of capital will ensure that they can manage their way through the January VAT increase and continue to seek out new business with confidence to grow their sales. It demonstrates our absolute commitment and confidence in our reseller partners, the market and our ability to drive growth for the whole channel.”
Resellers will be able to apply for additional credit in the normal way, with any extra facility being provided subject to the standard checks and criteria.