British Library Business and IP Centre

Business, Innovation and Skills written question – answered on 9th July 2014.

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Photo of Matthew Offord Matthew Offord Conservative, Hendon

To ask the Secretary of State for Business, Innovation and Skills what assessment his Department has made of the contribution to the economy of the British Library's Business & IP Centre national network.

Photo of David Willetts David Willetts Minister of State (Universities and Science)

The Intellectual Property Office worked with the British Library Business and IP Centre (BIPC) to develop a national blueprint that other libraries can use to develop a business and IP service in key UK cities. A programme to initially embed the blueprint into Newcastle, Leeds, Manchester, Birmingham, Liverpool and Sheffield was launched in July 2013. To date performance data is only available from the BIPC London and BIPC Newcastle. This shows an average turnover increase of £8.80 in London and £6.23 in Newcastle per £1 of public money invested.

In addition £47.1 million in London and £2 million in Newcastle of net gross value added has been generated, equating to £8.13 in London and £4.11 in Newcastle of GVA per £1 of public money invested.

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