--- title: Funding available for IP audits description: The Intellectual Property Office is offering funding of £2,500 towards the £3,000 cost of an IP audit through its IP Audits Plus service. image: https://blog.shorts.uk.com/hubfs/Stock%20images/Office%20folder%20with%20inscription%20Intellectual%20Property%20on%20Office%20Desktop%20with%20Office%20Supplies.%20Business%20Concept%20on%20Blured%20Background.%20Toned%20Image..jpeg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) # Funding available for IP audits Darryl Hoy - 22 July 2020 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Stock%20images/Office%20folder%20with%20inscription%20Intellectual%20Property%20on%20Office%20Desktop%20with%20Office%20Supplies.%20Business%20Concept%20on%20Blured%20Background.%20Toned%20Image..jpeg) The Intellectual Property Office (IPO) is offering funding of £2,500 towards the £3,000 cost of an IP audit through its IP Audits Plus service. Aimed at SMEs with growth potential, the programme is designed to help SMEs access the advice needed to maximise the value of their IP as they grow, as well as understand and protect against risks.   ## What is an Intellectual Property Audit? IP is often a crucial asset to a business and yet it can be one where the value is overlooked. Understanding and protecting existing IP can enable a company to differentiate from its competitors, identify and act upon new business opportunities and increase the value of the business. An IP audit identifies the IP in a business with a view to enabling the effective management of that IP to help grow the business. The UK IPO is offering funding of up to £2,500 towards the £3,000 cost of an IP audit to certain SMEs. This is administered by Enterprise Europe Network Partners, who advise on eligibility and guide companies through the application process.   ## Who carries out the Audit? The audit itself should be carried out by a qualified IP professional, who will work closely with the business to identify the IP assets, consider how these are protected and report on how the business can develop an action plan to leverage value from them. The audit should cover all IP, from Patents and Trademarks through to Designs and Copyright. Following receipt of the report, further support is provided, including the chance to discuss the recommendations and cost projections for implementation.   ## Radius can help with your IP Audit Through working closely with our clients on R&D and Patent Box tax relief claims, we understand the value that innovation and IP bring to a business. If you feel that your IP could be better harnessed to drive your growth plans then we would encourage you to consider exploring this opportunity. Please get in touch with one of the [Radius team](https://www.shorts.uk.com/about/team/?person_name=&department=radius&position=) for more information on how to access this funding.   R&D tax relief presents an unmissable opportunity for local businesses. The government wants to see more claims being made and our [Radius team](https://www.shorts.uk.com/radius/) are perfectly placed to help.  For more details on claiming Research and Development tax relief, please do not hesitate to arrange your [free 30 minute telephone consultation](https://app.hubspot.com/meetings/radiusconsultation/30-minute-consultation). [![Claim your free consultation](https://no-cache.hubspot.com/cta/default/2442072/2be555ab-96dd-4835-920d-554fd09cb413.png)](https://cta-redirect.hubspot.com/cta/redirect/2442072/2be555ab-96dd-4835-920d-554fd09cb413) Other related links; - [R&D tax credits - qualifying costs](https://blog.shorts.uk.com/research-and-development-tax-credit-qualifying-rd-costs) - [R&D Tax credits explained](https://blog.shorts.uk.com/rd-tax-credits-explained) - [Improve your cashflow by claiming R&D tax relief](https://blog.shorts.uk.com/rd-tax-reliefs-enhance-cashflow) ![author](https://blog.shorts.uk.com/hubfs/darryl.png) #### Darryl Hoy Darryl is the Technical Director of the Radius team. He is a specialist in Research & Development tax reliefs, having previously worked at HMRC as an R&D Tax Inspector. [View my articles](https://blog.shorts.uk.com/author/darryl-hoy) Tags: [RADIUS - R&D Tax Relief & Patent Box](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box), [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. [ Download now ](https://info.shorts.uk.com/en-gb/tax-saving-guide) ![Tax saving guide 2026-27](https://blog.shorts.uk.com/hs-fs/hubfs/Tax%20saving%20guide%202024.jpg?width=375&height=465&name=Tax%20saving%20guide%202024.jpg) ###### Related articles ##### [Research and Development and the Autumn Statement](https://blog.shorts.uk.com/research-and-development-and-the-autumn-statement) ##### [New rules for contracted out R&D - R&D Tax Reliefs (2024/25)](https://blog.shorts.uk.com/new-rules-for-contracted-out-rd-rd-tax-reliefs-2024/25) ##### [New rules for overseas expenditure - R&D Tax Reliefs (2024/25)](https://blog.shorts.uk.com/new-rules-for-overseas-expenditure-rd-tax-reliefs-2024/25) ##### [Almost half of claims invalid under new R&D rules](https://blog.shorts.uk.com/radius/almost-half-of-claims-invalid-under-new-rd-rules) ###### Latest articles [A case of aggressive tax avoidance: Glasgow Rangers Football Club](https://blog.shorts.uk.com/aggressive-tax-avoidance-affect-you) [What is VAT? - Complete Guide (Updated for 2025/26)](https://blog.shorts.uk.com/what-is-vat) [Ashgate Hospice Sparkle Night Walk 2026](https://blog.shorts.uk.com/ashgate-hospice-sparkle-night-walk-2026) [Stocktaking guide for UK businesses](https://blog.shorts.uk.com/stocktaking-guide-for-uk-businesses) [Supporting the Chatsworth Cascade for future generations](https://blog.shorts.uk.com/supporting-the-chatsworth-cascade-for-future-generations) [Deal of the Year win at Insider Dealmakers Awards 2026](https://blog.shorts.uk.com/deal-of-the-year-win-at-insider-dealmakers-awards-2026) [Football shirt Wednesday: Backing England in style](https://blog.shorts.uk.com/football-shirt-wednesday-backing-england-in-style) [Understanding lifetime trusts: the basics](https://blog.shorts.uk.com/understanding-lifetime-trusts-the-basics) [Close company directors face new HMRC detail requirements in 2026](https://blog.shorts.uk.com/close-company-directors-face-new-hmrc-detail-requirements-in-2026) [Shorts advise Harris Irwin Architects on successful growth funding.](https://blog.shorts.uk.com/shorts-advise-harris-irwin-architects-on-successful-growth-funding) #### About Us Use this little footer to reinforce your message about who you are and why people love working with you. 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