New TV figures show urgent need for games tax credits
30th January 2014 - London, United Kingdom – Games trade body Ukie points to £233m delivered to UK economy by the new high-end television tax relief
Ukie has today again called for the planned games production credits for UK games businesses to be introduced as soon as possible. The games trade body has cited new UK production statistics released today by the BFI, that show the new High-end Television Tax Relief has delivered over £233 million for the UK economy in its first nine months, as evidence of the benefits that a similar relief system would bring to the UK’s games sector.
Board member of film and TV body, Film London, and Chair of Ukie, Andy Payne said:
“Seeing the hard financial evidence that the production tax credits have worked for high end TV, and in such a short space of time, proves that the digital creative industries can drive exports, deliver growth and high value jobs as well as attract considerable inward investment.
“This will play a significant part in increasing the UK's productivity which is so badly needed. The games industry looks forward to the games production tax credits coming into force very soon and having a very positive effect for the UK games industry and the creative industries for UKPLC.”
Ukie CEO, Dr Jo Twist said: “These figures show the massive benefits that tax credits could bring to the UK games industry, opening the door for big inward investment and helping small businesses to scale up. They would help the creative talent in this country to produce more and compete in a global marketplace with uniquely British or European flavoured games. We know that the UK government continues to be behind the games tax relief and remain positive that they will be introduced. We urge UK government and the European Commission to make sure that the new system is introduced as soon as possible so that UK games business can benefit in the same way that TV sector is.”
View the full BFI figures here http://www.bfi.org.uk/sites/bfi.org.uk/files/downloads/bfi-film-production-in-the-uk-full-year-2013-2014-01-30.pdf
Ukie will be focussing on working with the government and other creative industry agencies to ensure the games sector benefits from other inward investment activities, trade support programmes and industry promotion as part of the government’s wider ambition to sell the opportunity that the UK’s creative industries offer.
As the UKTI trade partner, Ukie handles the Trade Access Programme (TAP) grants for UK SMEs to get matchfunding to exhibit and be part of the UK stands at key international expos such as Gamescom and GDC San Francisco. Ukie was also responsible for making games part of the government’s global multi million pound promotional GREAT campaign.
This year Ukie also invested in the new creative industries website, government backed http://www.thecreativeindustries.co.uk to promote the sector overseas and is planning a series of events to help UK companies understand new market and investment opportunities.
For all press enquiries, please contact the Ukie press office on T: +44 (0)20 7534 0580 or E: email@example.com
The Association for United Kingdom Interactive Entertainment or Ukie (pronounced YOU-KEY) is a trade body that aims to support, grow and promote the whole of the UK’s games and interactive entertainment industry. Founded in 2010 (although formerly known as ELSPA), Ukie’s membership includes all the major UK and global games publishers and the best of UK development talent - from promising start-ups to some of the biggest, most successful studios operating in the UK today.
We also have distributors, academic institutions, new publishers, and media outlets that are integral to the lifeblood of the industry as part of the family.
Ukie works with government to champion a range of issues including age ratings, education and skills, access to finance and protecting intellectual property rights. It also works with the media to ensure true and accurate representation of the sector by raising awareness of the industry’s positive economic contribution and the societal benefits of gaming to policy makers, regulators and consumers.
One of Ukie’s key roles is to support its members by providing them with key market information, promoting careers and offering the business support services, training and best-practice knowledge to enable them to operate most effectively.
We also offer comprehensive events programme to give the games industry access to key information, leading industry figures and give everyone the chance to network. You can see our events programme here http://ukie.org.uk/events
In addition, Ukie compiles weekly, monthly and annual retail charts and sales reports for the UK market.
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