United Kingdom: Renewal Fee for Designs to be Reduced

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United Kingdom: Renewal Fee for Designs to be Reduced

Effective October 1, 2016 renewal fees for designs will be reduced.  While renewal fees will increase every five years during the term of protection, the biggest savings will be seen in the third and final renewal periods.  For example, the renewal fee payable at the end of year 15 will be £110 compared with the current £310 (representing a 64% reduction).  At year 20, the fee will be £140 instead of the current £450 (a 69% saving).