UK Chancellor of the Exchequer George Osborne has announced the formation of a new games development tax break as part of his 2012 Budget.
Speaking in the House of Commons, Osborne said he was looking to turn Britain into "Europe's technology centre", with digital content and the businesses behind it leading the line.
Backing brilliance
"The film tax credit, protected in our spending review, helped generate over £1 billion of film production investment in the UK last year alone," said Osborne in the speech.
"Today I am announcing our intention to introduce similar schemes for the video games, animation and high-end TV production industries.
"It will support our brilliant video games and animation industries."
Specific details of the tax break itself are not yet clear, but the move comes after continued pressure from trade association TIGA to support the UK's games industry.
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
9 hours, 17 minutes ago
Nintendo releases first official statement on "the successor to Nintendo Switch"
News
9 hours, 46 minutes ago
Microsoft closes Mighty Doom dev Alpha Dog, Arkane Austin, Tango Gameworks and more
Feature
10 hours, 40 minutes ago
Mobile Mavens: The industry has its say on Squad Busters ability to draw in “untapped audiences” with its “influence from a range of genres”
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
Feature
May 7th, 2024
April 2024 mobile game charts: Call of Duty: Warzone Mobile loses launch momentum and Brawl Stars’ astronomical rise
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Mobidictum Meetup Barcelona September 2024 | Europe | Sep 1st |
Pocket Gamer Connects Helsinki 2024 | Nordic | Oct 1st |