Budget 2011: IP to get greater protection

News

Budget 2011: IP to get greater protection

Simon Quicke

The government plans to increase the protection of intellectual property in order to bolster the digital and creative sector.

As part of the Budget, chancellor George Osborne listed the creative and digital industry as one of those, along with life sciences, that it planned to protect in order to encourage growth.

One of the key areas that the government has been looking at, with a review currently taking submissions, is to protect intellectual property (IP) to make sure those developing software and services do not find their revenue eroded.

Professor Ian Hargreaves was given the position of starting an independent review on IP last November and he is expected to report back next month and has already had input from the likes of the Federation Against Software Theft (FAST) and the CBI.

Osborne made a specific comment in his Budget on the issue, "In digital and creative industries we will improve the intellectual property regime," which will be seen as a clear indication that more is going to done to protect IP.

In its submission FAST underlined the size and economic contribution from the software industry, which turns over more than £50bn and employs 430,000 people.

The FAST submission followed on from one made by the CBI which urged the review to come to the conclusion that there had to be a global framework to protect IP rights.


Join the conversation Comment

Share
Comments

    Results

    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.