British trade association TIGA has revealed its 10-point 2024 manifesto aimed at unlocking the full potential of the video games industry and boosting economic growth in the United Kingdom.
Among TIGA’s proposed initiatives are the introduction of new tax credits, establishment of a games accelerator, creation of an investment fund, and implementation of skills programs. These initiatives have the potential to generate 2,660 new game development jobs by 2028.
Currently, the UK video games industry employs over 25,000 individuals across 1,800+ studios and 200+ service businesses, contributing nearly £3.7 billion to the country’s GDP. Despite 95% of studios being exporters, according to TIGA.
TIGA acknowledges the challenges faced in 2024, but sees its proposed agenda as a source of growth opportunities pending endorsement from the UK government and parliament.
TIGA’s 10 Manifesto Proposals
- Create an Independent Games Tax Credit to support UK independent game production and reinforce VGEC
- Launch a National Games Accelerator (NGA) to help start-ups scale-up
- Maintain support for the UK Games Talent and Finance CIC
- Introduce a Video Games Investment Fund (VGIF) to stimulate sector growth
- Establish an Industrial Secondments Programme (ISP)
- Support BTECs and develop T-Levels tailored for the game industry
- Incentivize training with a Skills Investment Fund
- Reform the apprenticeship levy for more flexible training expenditure
- Implement a competitive visa system for skilled workers
- Promote competition in game engine and platform markets
Jason Kingsley CBE, CEO and creative director at Rebellion and Chairman of TIGA, emphasized, “In an era where technology and creativity intersect, the video games industry serves as a source of innovation and economic vibrancy.”
“The upcoming Government and Parliament have a unique opportunity to propel this dynamic industry to new heights,” Kingsley added. “By nurturing an environment that fosters growth and innovation, we can ensure the UK remains a global leader in game development.”
The UK government’s shift from Video Games Tax Relief (VGTR) to Video Games Expenditure Credit (VGEC) holds significant implications for game development studios based in the UK. TIGA has also compiled an explainer outlining the effects of this transition on the industry post-government announcement.
