UK IPO launches new IP support scheme

26th Aug 2021

The government will pay up to £5,000 to help SMEs protect and commercialise their IP as part of a new strategy to support a post-pandemic recovery.

Available to SMEs and innovative businesses, the IP Access grants can be put towards a number of costs including professional fees for IP services and management of IP assets. 

The scheme intends to provide businesses with the confidence and financial support to invest in their IP, allowing them to develop and grow securely.

This is an extension of the UK IPO IP Audits Plus programme. It provides businesses with additional funding to take forward some of the recommendations provided within the IP audit report.

Companies that have completed a part-funded IP audit between April 2020 and March 2022 with an IP audit plus partner are eligible to apply. This money can be used to cover service costs related to:

  • The management of IP assets
  • Commercialisation of IP
  • Licensing and franchising agreements
  • IP insurance
  • IP valuation
  • Tax relief advice
  • Professional fees for IP services in the UK and abroad

It cannot be used for the official fees for filing trade mark, registered design or patent applications.

Applications for IP Access are now open and will remain open until 12pm on the 31st March 2022.

For more information, please contact [email protected]