UK games industry getting £4 million government boost

The UK government has pledged to give £4 million to video game start-ups over the next four years.

The Video Games Prototype Fund will provide grants of up to £25,000 to support various gaming projects in the early stage of their development. There will also be a second tier supplying funding of up to £50,000 to more advanced projects.

Of course, £4 million over four years isn’t much at all to a triple-A developer like Rockstar, but it could go some way to helping create the next indie or smartphone game sensation.

Besides simple funding, the Video Games Prototype Fund will run challenge-based competitions for graduates and students, which will allow them to showcase new games.

“Britain’s video games punch well above their weight internationally and we need to build on this and invest in the strength of our creativity,” said Ed Vaizey, the UK minister for culture and the digital economy.

“This fund will give small businesses, startups and individuals the support they need to better attract private investment and go on to create the blockbusters of tomorrow.”

Related: Best games 2015

As the BBC reports, the UK video games industry generates around £4.5 million per day for the UK economy. It also employs some 19,000 people.

The move follows last year’s awarding of tax reliefs to the wider UK games industry, which meant that UK developers could claim discounts of up to 25 percent of a game’s production costs.

Next, take a look at how the PS4 and Xbox One compare:

Unlike other sites, we thoroughly review everything we recommend, using industry standard tests to evaluate products. We’ll always tell you what we find. We may get a commission if you buy via our price links. Tell us what you think – email the Editor