Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what assessment she has made of the potential merits of the proposal by the Independent Game Developers’ Association to introduce a Video Games Investment Fund.
The Government is committed to supporting the growth of the UK’s games sector. As part of a wider package to support the growth of the creative industries, the Government has expanded the UK Games Fund with over £8 million investment over three years starting in April 2022. The Government recognises the high potential of UK games companies and the UK Games Fund will continue to provide targeted support to early-stage games development and talented graduates throughout the UK. In addition, the Video Games Tax Relief continues to make the UK one of the leading destinations in the world for making video games.
While we are not taking forward the proposal on the Video Games Investment Fund at this point in time, we welcome continued discussions with the games industry on how best to support a thriving UK games sector.