The games trade body has cited new UK production statistics released today by the BFI, that show the new High-end Television Tax Relief has delivered over £233 million for the UK economy in its first nine months, as evidence of the benefits that a similar relief system would bring to the UK’s games sector.
Board member of film and TV body, Film London, and Chair of Ukie, Andy Payne said:
“Seeing the hard financial evidence that the production tax credits have worked for high end TV, and in such a short space of time, proves that the digital creative industries can drive exports, deliver growth and high value jobs as well as attract considerable inward investment.
“This will play a significant part in increasing the UK’s productivity which is so badly needed. The games industry looks forward to the games production tax credits coming into force very soon and having a very positive effect for the UK games industry and the creative industries for UKPLC.”
Ukie CEO, Dr Jo Twist said: “These figures show the massive benefits that tax credits could bring to the UK games industry, opening the door for big inward investment and helping small businesses to scale up. They would help the creative talent in this country to produce more and compete in a global marketplace with uniquely British or European flavoured games. We know that the UK government continues to be behind the games tax relief and remain positive that they will be introduced. We urge UK government and the European Commission to make sure that the new system is introduced as soon as possible so that UK games business can benefit in the same way that TV sector is.”
View the full BFI figures here http://www.bfi.org.uk/sites/bfi.org.uk/files/downloads/bfi-film-production-in-the-uk-full-year-2013-2014-01-30.pdf
Ukie will be focussing on working with the government and other creative industry agencies to ensure the games sector benefits from other inward investment activities, trade support programmes and industry promotion as part of the government’s wider ambition to sell the opportunity that the UK’s creative industries offer.