UK Announces £4m Games Fund

jigglybeanjigglybean Member Posts: 1,584
in Business and Marketing Theory

**UK video game businesses are to receive a £4 million funding boost from the Government to aid the industry's growth.
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The fund will aim to support small and start-up companies turn ideas into reality and will reinforce a growth business that has provided world global blockbusters like Tomb Raider, Little Big Planet, Runescape, Monument Valley and Batman: Arkham Knight.

Over the four years from 2015 to 2019, the Video Games Prototype Fund, which will be administered from offices in Dundee and London, will offer grants of up to £25,000 to support video games projects, as well as creating jobs, nurturing talent and furthering the growth of games clusters all around the UK.

The fund forms part of a package of measures the Government has introduced for the sector including the highly successful tax reliefs.

Features will include grants of up to £25,000 to help new and young games development businesses create working prototype games and up to £50,000 for a limited number of projects to take their ideas beyond the prototype phase.

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