Government's TT trademark made £3.6 million since 2012 - Printable Version +- TT Website Forum (https://www.ttwebsite.com/forums) +-- Forum: Isle of Man TT Website (https://www.ttwebsite.com/forums/forumdisplay.php?fid=3) +--- Forum: General Discussion (https://www.ttwebsite.com/forums/forumdisplay.php?fid=137) +--- Thread: Government's TT trademark made £3.6 million since 2012 (/showthread.php?tid=24647) |
Government's TT trademark made £3.6 million since 2012 - Malcolm - 20-05-2017 The Department of Economic Development has revealed how much it's making from trademarking the TT brand.
3FM submitted a Freedom of Information request to the department asking for the figures for the past five years. In recent months the department's found itself embroiled in rows with a number of Island organisations over charges for using the TT initials. Now, it's revealed it's made almost £3.6 million since 2012.
The DED's responded to 3FM's request by providing figures for each of the past six financial years. Licensing the TT trademark raised just under £250,000 between April 2011 and March 2012 - a figure that more than doubled the following year. The amount grew steadily until 2015/16, when it leapt to £813,000 and then last year reached a peak of more than £878,000. In the House of Keys next week, Ayre and Michael MHK Tim Baker will ask questions about the department's licensing policy. |