UKIE Calls on Government to Modernise Video Games Expenditure Credit Ahead of Autumn Budget

UKIE is urging the UK government to modernise the Video Games Expenditure Credit ahead of this week's Autumn Budget, and is pushing for a new fund to address the £500,000 to £2 million domestic growth capital gap. UKIE, TIGA and the UK Video Games Fund have proposed a tapered "games growth" fund offering 53% support for projects with budgets up to £15 million and 39% for those between £15 million and £23.5 million. The trade body also wants reform of the current 80% qualifying expenditure restriction, warning that Canada, France, Ireland and Australia offer more attractive incentives.