Train2Game News First Year Games Tax Relief

image

237 games approved for Video Games Tax Relief in 2015, BFI stats show

Stats released today by the BFI show that 237 games were approved for Video Games Tax Relief in 2015 with a total EEA/UK spend of £728.9m. 2015 is the first full year since their launch in April 2014.

A breakdown of these figures in Interim and Final certification is as follows:

Final – 116 games, EEA/UK spend £180.9m, Total budget £265.6m, EEA/UK is 68.1% of total budget

Interim – 121 games, EEA/UK spend £548m, Total budget £603.6m, EEA/UK is 90.8% of total budget

Ukie CEO, Dr Jo Twist responded to the stats, saying: “These figures show that the Video Games Tax relief is working to encourage strong growth in our sector. The high interim figures also indicate that this is only expected to show more growth in the coming months and years, with more culturally British games being created in the UK with a wider range of budgets.”

“Now that we have a clearer picture of the impact, with the full first year’s figures, Ukie would like further detail to be provided, starting with a regional breakdown of the numbers to show how VGTR is helping across the country. We are now undeniably in a stronger place thanks to VGTR. We have a level playing field with the rest of the world, and now we need to capitalise on that opportunity. Initiatives such as the Mayor-funded Games London plan and the London Games Festival, which will showcase why the UK is games capital of the world, are showing what we can achieve with the right support in place .”

The full report can be found here http://www.bfi.org.uk/sites/bfi.org.uk/files/downloads/bfi-british-film-other-screen-sector-certification-2015-2016-03-02.pdf with the stats for games on p.15.