Understandably, the financial impact of the ongoing COVID19 crisis may be a large concern for many games businesses around the country. Rest assured, support is available and Ukie is here to help you.
In this round-up, we will be outlining to you the routes of support put in place by the Government to help your business during this period. We will also be highlighting what actions Ukie are taking to assist the industry, and updates on our upcoming events.
What’s happening with Game Developers Conference?
Last week, the organisers of the GDC announced that they were postponing the conference – which was due to take place in mid March – as a result of the coronavirus outbreak.
The organisers expressed that they were “genuinely upset and disappointed” not to be able to host the event. They also expressed their intention to host a GDC event later in the year, with details to be revealed in the coming weeks.
Making a game is hard enough - but financing it is certainly no walk in the park either.
As well as early stage funding, you need to think about development funding, and then growth capital. Spinning all these plates at once is tough, but if you’re strategic and well organised you can find the right solutions for your business.
Learn how to choose the right payment partner for your game.
It is estimated that less than 10% of UK game developers are claiming Video Games Tax Relief.
Ukie has collaborated with the screen industries via BAFTA and the BFI to create a set of guidelines and principles for people working in all screen sectors at any level to deal with and prevent bullying and harassment.
We would encourage people to adopt and adapt where necessary these principles and guidance.
We have today launched our new Access to Finance Guide for games businesses. You can find the full guide here.
Accessing finance is a challenge facing many games businesses in the UK. The new Ukie Access to Finance guide, written by Ukie Partner members Harbottle & Lewis, tells UK games businesses where to look for sources of funding and how best to make use of them.
New £40m fund and guide to finance for creative industries launched
A new £40 million private equity fund focused on the creative industries has been launched, with support from the government's British Business Bank.
China games trade mission a success
This week I am in an extremely hot and humid Shanghai on a UKTI/Ukie joint trade mission for UK games companies. We have 13 fantastic companies, which we recruited and for whom we helped secure funding, to spend a week, hosted by UKTI China, meeting Chinese companies such as Tencent, Galaxy Entertainment, Netease and Youzu in the week of Chinajoy.