The BFI has published a major report on the economic impact of the screen sector tax relief incentives, its first since 2015.
The report, entitled 'Screen Business', demonstrates the scale of the UK games industry, as a key part of the screen industries, with overall workforce and development spend significantly incentivised by VGTR, stimulating growth in the UK economy.
A total of 114 games received final certification in the first half of 2017, an increase of 26% on the same period last year, the latest figures, released today from the BFI show. These games represent an EEA/UK spend of £84m from a total budget of £103m.
The British Film Institute (BFI) is conducting a major strategic consultation on its new strategy to influence its funding, which includes a set of questions around funding for games.
We are encouraging all members to respond, and will be conducting our own research of views via our survey here. We will be gathering feedback and will submit a response on the 8 September.
Huge annual increase in Video Games Tax Relief certifications revealed
Statistics released by the BFI today show a huge year on year increase in the number of games receiving Video Games Tax Relief (VGTR), in the first round of figures of the scheme's first two full years of activity.