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December 16, 2018
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Press Releases
  TIGA Welcomes Creative Industries Federation Report  TIGA Welcomes Creative Industries Federation Report  
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12/07/2018
 


[This unedited press release is made available courtesy of Gamasutra and its partnership with notable game PR-related resource GamesPress.]

The Creative Industries Federation (CIF) has today published a report outlining key recommendations for supporting growth in the creative industries after Brexit.

 

The creative industries are the fastest growing sector in the UK economy, contributing over £101 billion to the UK economy in 2017.[1] With Brexit fast approaching, this report highlights actions that must be taken by both government and industry to safeguard and continue this success.

 

The report’s recommendations call on national and local government and industry to:

  • Ensure creative enterprises continue to flourish in a post-Brexit UK
  • Safeguard and strengthen public investment and fiscal incentives to pump prime innovation
  • Recognise sustainable enterprise growth as vital to the growth of the UK economy
  • Tailor the finance and business support landscape to the needs of creative enterprises
  • Empower local authorities, city regions, Local Enterprise Partnerships (LEPs) and industry to attract and support creative enterprises
  • Recognise creative education and skills development as a foundation for growth
 

In response to the report, Dr Richard Wilson OBE, Chief Executive of TIGA, said:

 

“TIGA welcomes the recommendations put forward by the CIF. As the trade association for the video games industry, we will ensure that our members continue to make a strong contribution to the overall performance of the creative sector.

 

“The provision of creative industry tax reliefs is essential for continued success within the industry. The Video Games Tax Relief (VGTR) has led to unprecedented levels of growth, with VGTR-supported spend generating £294.1 million in direct GVA, and 4,640 direct full-time equivalent jobs in 2016.[2]

 

“However, the Government could go further by introducing a Games Investment Fund – long campaigned for by TIGA. TIGA’s plan for a GIF would improve developers’ access to finance, encourage new intellectual property, and strengthen the resilience of the UK video games industry.

 

“In addition to finance, the UK video games industry would benefit from a flexible migration regime that allows access to highly skilled EU workers following Brexit. The industry is a world leader and depends on the ability to recruit the best and brightest talent – wherever they are from.

 

“We hope the Government listens to recommendations put forward by this report and TIGA will continue to work with Government to ensure the video games industry, and the creative sector as a whole, continue to thrive after Brexit.”

 


[1] Creative sector adds £101 billion to UK economy, link

[2] BFI report shows how Games Tax Relief benefits the video games industry, link

About TIGA

 

TIGA is the network for games developers and digital publishers and the trade association representing the video games industry. Our core purpose is to strengthen the games development and digital publishing sector. We achieve this by campaigning for the industry in the corridors of power, championing the industry in the media and helping our members commercially.

 

TIGA is intent on building an enduring organisation which continually improves; a business that will make a significant impact on the games industry and so benefit our membership and the wider economy. Since 2010, TIGA has won 24 business awards, an achievement which reflects TIGA’s drive for improvement and to meet best practice.

 

For more information visit: www.tiga.org

Get in touch:

Tel: 0845 468 2330

Email: [email protected]

Web: www.tiga.org

Twitter: www.twitter.com/tigamovement

Facebook: www.facebook.com/TIGAMovement

LinkedIn: http://www.linkedin.com/company/tiga

For further information, you can also contact: 

Dr Richard Wilson, TIGA CEO at: [email protected]