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
6 hours, 42 minutes ago
PocketGamer.biz Podcast - ustwo games’ María Sayans on the sustainable strategy behind Monument Valley
News
7 hours, 10 minutes ago
Squad Busters releases globally tomorrow… But is it REALLY the next big thing?
Feature
May 28th, 2024
Hot Five: Disney x Fortnite, Sega’s sonic speed, and a potential Keywords Studios buyout
Feature
May 27th, 2024
“There has been an increase in funding opportunities for African developers with more exciting times to come"
Events
Unreal Fest Gold Coast 2024 | Australasia | May 29th |
For The Win 2024 | Europe | May 29th |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Game Access Conference 2024 | Europe | May 31st |
GDCy Fest 2024 | May 31st | |
GameSummit Summer 2024 | Jun 1st | |
BostonFig Online 2024 | Jun 1st |