New bank funding scheme may aid developers

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Numerous development studios in the UK may soon be eligible for a proposed bank funding scheme set up for start-up and high-risk businesses.

Gordon Brown claims that the Labour Government is considering setting up a new bank that would provide the finance for more difficult and more risky start-ups for high-technology businesses of the future".

Speaking to Develop, Tiga CEO Richard Wilson believes that this proposed measure is indicative in a gradual change of perception from within Westminster.

I think this is a wake-up for the government,” he said. Clearly the financial sector has completely collapsed. Manufacturing is obviously not going to be a leading component of the economy in the way it was in the past, and so almost by force the government is turning to sectors that can create value and sustain jobs.”

Wilson believes that there's a strong chance that Brown's proposed scheme would aid game development.

Our sister site Develop has the full story.