Increased value of trade mark intensive industries in UK
Trade mark intensive industries account for 41% of the UK’s economy, a new report has revealed.
The report, published jointly by the European Union Intellectual Property Office (EUIPO) and European Patent Office (EPO) demonstrates the importance of intellectual property across Europe.
Trade mark intensive industries account for 41% of the UK’s economy, measured by GDP, and more than one in five (22%) of all jobs within the economy.
This marks an increase from a previous study published in 2019 which suggested that trade mark intensive industries contributed 37% of UK GDP and 21% of jobs.
The report noted that “Among non-EU countries, Norway and the UK have a higher GDP share of TM-intensive industries than the EU average, while in terms of employment shares of those industries, Iceland and the UK are above the EU average.”
The report found that 39% of the EU economy was made up of trade mark intensive industries, slightly lower than the UK. However, the share of total employment is 29% across the EU, seven percentage points higher than the UK.
The study looked at the 27 EU member states, plus Switzerland, Norway, Iceland and the UK.
Design intensive industries account for 10% of the UK’s economy, measured by GDP, and nearly than one in ten (9%) jobs.
An intellectual property rights (IPR) intensive industry is defined by the report as ones which have “an above-average ownership of IPRs per employee, as compared with other IPR-using industries.” A trade mark intensive industry is defined in the same way, with above average ownership of trade marks.