However, there has also been historical provision made for SMEs to receive a separate contribution towards the costs of developing and implementing their IP strategies, with patenting costs reclaimable at 80%, up to a maximum of EUR 140 000. This may be viewed as a more explicit acknowledgement of the contribution intellectual property may make to business growth. In addition, the UK Intellectual Property Office (UK IPO) sponsored research into the issues around IP-backed finance with its Banking on IP report (Brassell and King, 2013).