London
03 March 2017
Reporter: Barney Dixon

More to be done for digital sectors, says UK government


The UK’s digital sectors contributed £118 billion to the economy in 2015, but there is more still to be done, according to a new policy paper from the government.

The paper, which was published on 1 March, outlines the UK’s digital strategy for 2017, with the ambition to grow digital sectors until they achieve a £200 billion contribution in 2025.

“Although this will be led by the private sector, government has a key role to play in supporting innovation and the commercialisation of ideas, and helping all digital businesses take advantage of opportunities for growth,” it said.

The UK says that IP needs an effective tax structure, and this is one area it is already tackling.

It says: “We have already created one of the most innovation and entrepreneur-friendly tax systems in the world.”

“The government has delivered highly competitive headline corporation tax rates and introduced a range of initiatives to further support innovative businesses. This includes the Patent Box, which enables companies to apply a reduced 10 percent rate of corporation tax to profits earned from patented inventions.”

Jo Joyce, associate in the IP and media team at Taylor Wessing, said: “Although the policy paper does not announce any significant change to UK IP policy, we are looking forward to seeing the details of the legislative proposals to implement these general themes.”

“Continuing to focus on the importance of an IP regime that is both robust and flexible in a time of fast paced technological change is welcome. It is notable and important that during this time of uncertainty the UK government is restating its belief in the need to create the right conditions for the digital sectors to continue to thrive, including having the right IP framework.”

More Industry news
The latest news from IPPro The Internet
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
IP Awareness Summit to be held in November
20 September 2017 | Chicago | Reporter: Barney Dixon
The Centre for Intellectual Property Understanding, alongside the Chicago-Kent College of Law, will be holding the first Intellectual Property Awareness Summit in Chicago on 6 November
Unitary IP rights should continue post-Brexit, says EU
07 September 2017 | Brussels | Reporter: Barney Dixon
Intellectual property rights enjoyed by the UK as part of EU law should not be undermined by Brexit, according to a position paper from the European Commission
Illicit IPTV boxes are big challenge, says FACT
01 September 2017 | London | Reporter: Barney Dixon
Illicit streaming, commonly conducted through IPTV and set-top boxes, has become one of the biggest challenges for the Federation Against Copyright Theft in the last year
Content Creators Coalition slams Google’s public policy ‘distortion’
31 August 2017 | Washington DC | Reporter: Barney Dixon
The Content Creators Coalition has called for a congressional investigation into Google’s alleged distortion of public policy debates
CPA Global sold for £2.4 billion
30 August 2017 | London | Reporter: Barney Dixon
Intellectual property management company CPA Global has been sold to Leonard Green & Partners for a reported £2.4 billion
PIPCU extended to 2019
23 August 2017 | London | Reporter: Barney Dixon
The UK Intellectual Property Office has granted the unit an additional £3.32 million in funding to cover the period to 30 June 2019
US formally institutes China IP investigation
21 August 2017 | Washington DC | Reporter: Barney Dixon
A Section 301 investigation into intellectual property malpractice in China championed by US President Donald Trump has formally launched