UKIE urges UK government to modernise Video Games Expenditure Credit

Ahead of the Autumn Budget, UKIE called for modernising the Video Games Expenditure Credit and creating a £50 million growth fund to close the £500,000 to £2 million capital gap. The trade body also wants the 80% qualifying expenditure cap revised to cover live-service, DLC and co-development.

• UKIE proposes a £50 million fund with £33 million public and £17 million private capital
• Support of 53% for projects up to £15 million and 39% for those up to £23.5 million
• The 80% qualifying expenditure cap limits support for UK-based development
• Rival incentives include France at 30%, Ireland at 32% and Australia at 30%