Games Tax Relief for British developers continues to rise in importance and popularity, as the BFI reveals numbers showing year-on-year growth.
75 titles passed full or interim certification for the financial support initiative during Q1 of this year – a 75 per cent boost on the 43 approved over the same period in 2015.
The figure brings the total number of games certified for Tax Relief to 152, with total budgets of £290.4 million.
For the games approved so far this year, budgets have totalled £173.6 million – an increase of more than £37 million compared to the start of 2015.
“While today’s figures demonstrate GTR’s continued and greatly-needed boost to the UK games industry, there is still more to be done,” said TIGA CEO Dr Richard Wilson.
“For instance, increasing the £1 million limit on subcontracting would enable more big game projects to benefit from GTR, while also helping small firms that provide outsourcing work.
“Increasing the outsourcing limit could also enable smaller games companies involved in the supply chain to build up their skills, talent and capacity.”