To ask the Secretary of State for Business, Innovation and Skills what steps he is taking to ensure that registered intellectual property is used productively; and if he will make a statement.

The Intellectual Property Office (IPO) provides support and information to business on how to make the most of all forms of intellectual property (IP), whether registered or unregistered. In 2013 the IPO launched “IP for Business”, a set of training tools and advice to help businesses understand IP and how it can be used within a business to generate revenue. The IPO also funds 300 IP audits, targeted through partners at high growth businesses. These audits provide businesses with a detailed report, created by an IP expert, to help them develop an IP management strategy to make sure they get maximum value from their IP.