September 29, 2017
TIGA, the network for games developers and digital publishers and the trade association representing the UK video games industry, has welcomed Sir Peter Bazelgette’s independent review of the creative industries (see item above).
The review sets out a range of policy ideas for a sector deal within the Government’s industrial strategy, including a proposal that £23.7 million should be invested in the video games sector via the UK Games Fund and Transfuser graduate development programme. The investment in the sector would be spread over five years.
TIGA notes that Sir Peter makes a number of recommendations relevant to the video games industry, including:
- investment for cutting-edge, business-led research and innovation projects in immersive reality to ensure the UK takes a global leadership role in developing commercial, cultural and production applications for these technologies;
- the introduction of a £500 million Creative Clusters Fund;
- an increase in the percentage of Innovation UK funding for the creative industries from the current figure of 2%;
- a Government review looking at whether the definition of the R&D tax credit captures legitimate R&D activity within the Creative Industries; and
- an increase in investment by the British Business Bank into the creative industries.
TIGA also notes that Sir Peter’s review acknowledges the case for the introduction of a British Games Institute, a measure supported by TIGA. Sir Peter states: “More recently a number of figures in the industry have proposed an equivalent of the BFI for video games, to promote British games and deliver targeted support. Certainly in the longer term, government should take a more strategic approach to fostering growth in the video games industry and highlighting its cultural impacts.” To read TIGA’s press release in full, click here.