New report backs Tiga's tax break claim

New report backs Tiga's tax break claim
Michael French

By Michael French

October 9th 2008 at 2:48PM

Creative Industries Observatory says subsidies should be considered by the government

A new report published by he Creative Industries Observatory has backed up Tiga's calls for a games tax break.

The document, made available at the University of the Arts in London, says 'the UK is a productive place for game development but that the Government should consider introducing a tax relief scheme to support the sector'.

Richard Wilson, CEO of Tiga, said:

"This report confirms that the video games industry is fleet of foot, capable of locating and investing wherever there is access to a skilled workforce, universities and favourable fiscal conditions," said Richard Wilson, CEO of Tiga. "Given the footloose nature of the industry, it is crucially important that public policy actively serves to retain and attract games businesses to the UK.

"This means that public policy should aim to provide a competitive fiscal environment, promote world class education and training and encourage knowledge sharing between businesses and universities.

"Tiga is actively representing the games industry in political circles, raising the profile of the industry in the media and developing services that enhance the competitiveness of our members. Our aim is nothing less than to make the UK the best place in the world to do games business. With the right policy environment we can make this vision a reality."