Altara Games today has released figures on its loans against video games tax relief to date. In just under 6 months, the company has provided loans to the value of over £1.5m.
These loans have varied in size from £70k to over £500k, and have been provided a broad range of studios and games across the UK.
Ella Romanos said “We started this company to provide what we believed was crucial support for UK studios to help them grow and develop new titles, and to enable them to use the tax relief to their advantage as much as possible. I am thrilled that we have been able to work with such a diverse group of studios, from small teams to larger established studios. I believe our approach of fast turnaround and genuinely understanding the realities of game development has helped us to ensure our loans are suited to industry needs.”
Altara Games provides loans from any point during development, even before development has begun as long as the company has their ‘interim certificate’ confirming that their game is eligible for relief. Loans are provided within weeks, and are only repaid once the tax relief is received.
To find out more, visit www.altaragames.com