TIGA concerns over UK Games funding

TIGA, the trade association that represents the video games industry, have recently carried out research that says that UK games businesses are struggling to get access to institutional equity finance.

89% of respondents who had tried to obtain equity funding from an investment fund had failed to do so.

TIGA CEO Dr Richard Wilson said, “TIGA’s research demonstrates that UK developers experience low success rates in accessing more substantial funding from institutional equity investment sources. Equity finance is less readily available for UK games developers in comparison to their compatriots in the USA or in other high growth British technology sectors.”

TIGA are calling for enhancements to R&D tax credits and the games tax relief regimes, improvements to the investment incentive schemes that are available and the introduction of a Games Investment Fund.

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