Dr Richard Wilson, TIGA CEO, submitted a petition to Number 10 Downing Street yesterday, calling on the Government to introduce Games Tax Relief in the Budget on March 23rd. Richard also handed in a copy of TIGA’s publication Budget for Growth: Powering the Video Games Sector to Support the Economic Recovery to officials in Downing Street.
TIGA’s Budget for Growth: Powering the Video Games Sector to Support the Economic Recovery sets out detailed proposals for the introduction of Games Tax Relief, enhancements to the R&D tax credits system, measures to support prototype funding, changes to Venture Capital Trusts and the Enterprise Investment Scheme, and incentives to support Games Clusters.
It's important for us all to support this initiative as many already have with the petition. Both the VFX and Games industries are a massive part of our culture and actually, something we are really good at! It's budget day so there are many games developers in the UK that will be watching these events unfold. Will it be disappointment or the government giving a little (ala' a token gesture) to appease the petition? One thing is for sure, we'll soon know what the outcome is. Come on chancellor, do the right thing, we can't continue to fall behind the other world wide majors in games.