Chancellor Philip Hammond announced the Budget today, There was a big focus on tech and innovation but the biggest cheer of the afternoon was support to tackle the housing crisis.
The latest figures from HMRC, released this morning, show that £73m in Video Games Tax Relief was paid out relating to 280 claims in 2016/17. This represents a 60% increase in payments from 2015/16 (£45.5m) and a 115% increase in claims (up from 130). These figures bring the total relief paid out since the relief's introduction in April 2014 to £119m, relating to 420 claims.
UPDATE: Ukie welcome the formation of a minority government led by the Conservative Party. It is essential that the government now focusses on delivering the right deal in the forthcoming Brexit negotiations and we look forward to working with them to achieve this.
What a night!
Now that all three of the major parties' manifestos have been launched we look at the key take outs for the games and interactive entertainment sector. Read our own manifesto "Powering Up: manifesto for unlocking growth in the games industry" for our vision of what support our globally successful sector needs to become a true world leader.
Theresa May has announced a snap General Election to be held on 8 June 2017.
We are pleased to announce that Tim Scott is joining the team as Head of Public Affairs. Tim joins the organisation from London First, where he was Programme Director for Tech and Creative Industries, following ten years in the civil service where he led Creative Industries and tech policy in the Cabinet Office and Department for Culture, Media and Sport.
Yesterday, Ukie officially launched our 2016 esports whitepaper: Growing the UK as an esports hub at an event at Gfinity's London Arena.
The whitepaper has been written following months of consultation with the UK's esports community via Ukie's esports subgroup, and outlines eight recommendations for how industry and government can work together to make the UK a global leader in esports.