Labour MP Backs TIGA’s Small Firms R and D Tax Credit Plans

PRESS RELEASE

 

TIGA, the trade association representing the UK games industry, today welcomed comments by Jim McGovern, MP for Dundee West, implicitly supporting TIGA’s proposals for improving the Small Firms R&D Tax Credit. TIGA also backed the suggestion by the Leader of the House of Commons, Sir George Young, that Mr McGovern should ask for a Westminster Hall or adjournment debate. Jim McGovern previously secured a Westminster Hall debate on June 29 th 2011.

Jim McGovern said in a press release issued on September 8 th that:

“There is a great deal the government could do that would better support the computer games industry. The most recent suggestion is to improve the Small Firm Research and Development tax credits scheme to include helping to offset the cost of premises, testing new products and Intellectual Property protection. This would better target support and tailor it to the needs of this industry.”

Dr Richard Wilson, CEO of TIGA, said:

“TIGA proposed to the Government at the end of August that the scope of the R&D tax credits should be expanded to include the following associated costs: premises costs; design costs, including building a user interface; artistic work involved in game development; and user testing; and IP protection costs, including the costs of patent registration, legal costs incurred in defending copyright and costs incurred in trying to prevent privacy. It is excellent that Jim McGovern MP has proposed some of these suggestions on the floor of the House of Commons.

“TIGA hopes that the House of Commons will proceed to have an adjournment debate on the UK video games industry. Our industry is export focused, R&D intensive, provides high skilled employment and is environmentally friendly. With the right fiscal environment in place, the UK games industry could provide more high skilled jobs and investment.”

 Colin Anderson, MD of games developer Denki, based in Dundee, said:

“The UK’s computer games sector is already a success story.  Yet the industry could create more jobs and contribute more substantially to long-term economic growth if three further measures were adopted to help UK businesses create and retain intellectual property.  Specifically these are: improvements to the Small Firms R&D Tax Credit; the introduction of a tax break for games production; and the establishment of a Creative Content Fund, to improve access to finance.”

Ends

About TIGA:

TIGA is the trade association representing the UK’s games industry. The majority of our members are either independent games developers or in-house publisher owned developers. We also have games publishers, outsourcing companies, technology businesses and universities amongst our membership. TIGA was awarded ‘Trade Association of the Year’ and the ‘Member Recruitment Award’ at the Trade Association Forum Best Practice Awards 2010.  In 2011, TIGA won a further four awards at the Trade Association Forum Best Practice Awards, including ‘Trade Association of the Year’ for the second consecutive year. 

TIGA has been voted a finalist in the CMI Management and Leadership Awards 2011 in the ‘Outstanding Organisation (SME)’ category. Dr Richard Wilson, TIGA CEO, has been voted a finalist in the ‘Outstanding Leader’ category.  TIGA was also named as a finalist in the 2010 Chartered Management Institute (CMI) National Management and Leadership Awards in the category of ‘The Outstanding Organisation of the Year Award (SME)’. TIGA is an ‘Investors in People’ accredited organisation.

TIGA is the trade association representing the UK’s games industry.  Our vision is to make the UK the best place in the world to do games business. Our mission is to fight for the interests of game developers. To achieve our vision and mission we focus on the delivery of three strategic objectives: effective political representation, profile raising and helping our members commercially. This means that TIGA members are effectively represented in the corridors of power, their voice is heard in the media and they receive benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities.

For further information, please contact Dr Richard Wilson, TIGA CEO on: 07875 939 643, or email richard.wilson@tiga.org .

 


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