Intellectual Property

(asked on 2nd November 2017) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the value to UK businesses of a legal framework to protect and enforce their intellectual property rights throughout the world.


This question was answered on 9th November 2017

The Government fully recognises the importance to business and to the UK economy of being able to protect and enforce intellectual property rights (IPRs), nationally and internationally. A report by the EU IPO, Intellectual property rights intensive industries and economic performance in the European Union, estimated that the value of IP intensive industries to the UK economy was £5,664,168 million or 42.3% of Gross Value Added (GVA) between 2011 and 2013. In addition the Intellectual Property Office (IPO) commissioned the Organisation for Economic Co-operation and Development (OECD) to develop a methodology and to deliver a benchmark on the levels and impact of counterfeiting to the UK. This study Trade in Counterfeit Products and the UK Economy was published on 4 September 2017.

Reticulating Splines