The budget laid out by George Osborne MP, Chancellor of the Exchequer for the UK announced two funds to help support and develop the UK’s creative industries. The two budgeted plans are a £4 million Prototype Fund, designed to help startups develop project prototypes and secondly a further £4 million investment in the existing Skills Investment Fund, which offers matching funds for training programs in creative industries, including video games.
TIGA CEO Dr. Richard Wilson said in a statement
TIGA applauds the new support promised by the Chancellor in the Budget for the UK video games sector. Following the achievement of Games Tax Relief, TIGA’s top priority has been the achievement of a new Prototype Fund to enable start-up studios to access finance and develop playable prototypes. TIGA also called for the maintenance of the Skills Investment Fund, a measure that enables more studios to invest in skills, training and workforce development
For more details on the additional funding, check out TIGA’s site.