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5 August 2011

The Hargreaves Review: Intellectual Property and Growth – The UK Government’s Response

The Hargreaves Review: Intellectual Property and Growth – The UK Government’s Response

We previously reported that Professor Ian Hargreaves had published his Review on intellectual property (IP) and growth, commissioned by the UK government . The UK Government has now published its response to the Review which sets out its broad acceptance of the Review’s recommendations.

We are pleased to note that the response confirms the Government’s commitment to trying to create the best conditions to encourage innovation and growth. The response notes that “UK business invests more in intangible assets than physical ones, and nearly half of that intangible investment - £65 billion in 2008 – was in IP”.

The Government’s response states that it will consult on the detail of how it will proceed over the next few months and will set out its plans in a White Paper in Spring 2012 with a view to legislating in this Parliament where necessary.

A full copy of the Government’s response can be found at: http://www.ipo.gov.uk/ipresponse.htm

 

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