House of Commons · Written Ministerial Statement
Performance Targets for the Intellectual Property Office (an operating name of the Patent Office) for 2020-21
07 July 2020 · Department for Business, Energy and Industrial Strategy
Proposed by Amanda Solloway Con Derby North
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Intellectual Property Office has set performance targets for 2020-21 to support UK innovation and creativity.
- Amanda Solloway announces that the IPO's targets remain unchanged for the time being.
- Targets will be reviewed and potentially adapted based on the impact of the Coronavirus.
Issue summary
The statement addresses the performance targets for the Intellectual Property Office (IPO) for 2020-21, highlighting its role in supporting UK innovation and creativity.
Action requested
Amanda Solloway announces that the IPO's targets for 2020-21 have been set and are unchanged at present. However, the targets will be reviewed as the impact of the Coronavirus becomes clearer, with potential adaptations to finance and resource models based on emerging trends.
Key facts
- The UK is ranked in the top five of the Global Innovation Index.
- Investment in IP rights reached almost £64 billion in 2016.
- The IPO aims to deliver excellent IP services and attract the best talent.