TIGA Calls for More Funding to Achieve Level Playing Field
Based on a new report, TIGA is calling for an increase in tax breaks in the UK and a separate Independent Games Tax Credit. Only then will the UK, where unlike Germany there is tax-based game funding, be on a level playing field in international competition.
At first glance, the Economic Impact Assessment of the UK Video Games Industry commissioned by TIGA appears very positive. It estimates the gross value added of the British games industry at £12 billion, around €13.84 million. The industry supports 73,000 jobs, including 28,000 developers, and generates £2.2 billion – around €2.54 billion – in tax revenue. And yet there is a massive problem. According to the report, the British gaming industry is not on a level playing field in international competition.