Video Games: Investment

(asked on 10th October 2022) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, if she will make an assessment of the potential merits of the proposal by the Independent Game Developers’ Association to introduce a video games investment fund.

Answered by
Julia Lopez Portrait
Julia Lopez
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 18th October 2022

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 is delivering an £8 million expansion of the UK Games Fund. The UK Games Fund will provide valuable support to early stage games development businesses 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.

We are not seeking to take forward a proposal for a new Video Games Investment Fund. We welcome continued discussions with the games industry on how best to support a thriving UK games sector.

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