The Independent Game Developers Association calls on the UK Government to increase tax reliefs
TIGA, The Independent Game Developers Association, today called on the UK Government to “increase the rate of Research and Development (R&D) tax reliefs. TIGA recommended that the rate of R&D tax reliefs should be increased for both large and small businesses to support innovation and growth in the UK.”
TIGA, founded in 2001, represents the business and commercial interests of game developers and publishers in the UK and Europe. They also have connections with universities that have developed games courses for students across the region.
While the games industry has grown in the UK significantly in the last few years, nearly 30% from 2019-2020 according to UKIE, the productivity output compares unfavourably to European counterparts and those within the G7.
Dr Richard Wilson OBE, TIGA CEO, said that: “Enhancing R&D tax reliefs would help many UK video games developers by enabling them to invest more in tools, technology and proprietary game engines; improving cashflow; increasing headcount; and strengthening their long-term viability.”