UK independent developer Eutechnyx has received a regional growth fund of £1.8million from the Government, the studio has announced.
The North-East based company said it will use the money to develop a publishing operation for its upcoming online racing game, Auto Club Revolution, creating up to 190 new jobs.
The new publishing arm will provide a dedicated marketing, support and operations team to bring the title to market and service the game’s anticipated worldwide user base.
“We are exceptionally pleased that the Government has appreciated the unique opportunity that Auto Club Revolution presents in the world of online games” said Eutechnyx COO Darren Jobling.
“This investment will allow us to continue recruiting the cream of the development & publishing talent from around the world to join the team, and to really push forward with an innovative and genre-changing online product.”
Business secretary Vince Cable added that the Government needs to be doing all it can to enable business and organisations to create jobs and inject private investment into the economy, stating the Regional Growth Fund is designed to help drive this plan forward.
Online racing game and car community project Auto Club Revolution, due for release next year, has previously attracted £6 million investment from Amsterdam-based venture capital firm Prime Venture and the Newcastle based Accelerator fund in February 2010.