The UK Government’s IP Audits Plus scheme part funds an IP audit to the tune of £3,000 including VAT, with the UKIPO contributing £2,500 and the remaining £500 being paid by the company.
To apply for an audit, you must be an SME with fewer than 250 employees, and you must be able to demonstrate that the IP audit will form a key part of achieving your business growth plans. You can apply for an IP audit only if you are engaged on one of the IPO’s partner support schemes. They are Innovate UK Edge (formally Enterprise Europe Network) the Welsh Government, and Scottish Enterprise.
The IP audit offer does not include funding for preparing, drafting and filing applications for any IP rights. Rather, the IP Audit Report will provide recommendations on the actions needed and the associated cost projections for these.
For those companies who are not eligible for the IP Audits Plus scheme, the cost of an IP audit will depend on the size and type of the company in question and upon the required depth and purpose of the audit.