Provide Generous Tax Incentives To Videogame Companies In The UK
The UK’s position as a global video games
development hub is under threat.
There are increasing concerns about its decline. Mounting competition from countries with generous
public subsidies, such as Canada and France, together with cheaper studios in Eastern Europe and the Far East mean that the UK has fallen in the global development rankings.
In 2010, Canada officially overtook the UK to become
the third development territory in the world in terms of
workforce – according to industry insiders, the UK
could have already dropped down to the 6th position
globally, behind South Korea and China. A recent
study by TIGA reports that the UK video games
industry has shed 900 jobs since 2008.
This petition calls for tax credits and incentives for video games production similar to those already available in Canada and France, and restore Britain's place as the world leader in videogame development.
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