Games tax breaks welcomed by Abertay University
For immediate release: Thursday 27 March
The UK computer game industry today received approval for tax breaks from the European Commission.
Professor Louis Natanson, Head of the School of Arts, Media and Computer Games at Abertay University, welcomed the news:
“It’s fantastic news that the UK’s computer games industry will receive tax breaks, following the European Commission giving the green light. It puts games on a level playing field with other UK creative industries like film.
“Tax breaks will help to encourage investment in the UK, and provide a firmer foundation as home-grown companies look to recruit, expand and establish themselves as major international players.
“However, as the games industry itself recognises, tax breaks aren’t a one-size-fits-all solution for the many different sized companies in Dundee and across the UK to thrive and succeed.
“Small companies, like those formed by increasing number of Abertay University graduates, face many other problems to getting a company off the ground including getting the right business advice, gathering enough cash to found a business, and then seeking out the business opportunities for contract work, investment and publishing deals.
“What Scotland and the UK need for future economic success is a sustainable games industry ecosystem, which includes tax breaks, industry-relevant education for students, links with active investors and publishers, business and marketing support, and innovation in terms of how games projects raise investment.
“Today is a very positive day for the UK’s games industry, but continued hard work from educators, game developers, industry supporters and government is needed for this high-growth, high-potential industry to reach its full potential.”
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