UK business to receive £3m boost from IP savings

More than £3m of in-year savings made by the Intellectual Property Office (IPO) will be used to support UK business, intellectual property minister Baroness Wilcox announced today.

Baroness Wilcox revealed the savings will fund projects to help companies develop new technologies and offer advice in developing their intellectual property.

The announcement forms part of a cross-government package of measures to help the country’s five million small companies grow, boosting enterprise across Britain.