The Tories (Conservatives, for those unfamilar with UK politics) seem to be taking a step in the right direction for once, since the coalition with the Liberal Democrats what seems like a lifetime ago. Today a new page on their official website appeared explaining that game companies in the United Kingdom can experience tax relief as early as April 1, 2013. The website claims that this will give a financial boost "to an already-thriving industry further" and "help level the playing field in response to other countries offering tax reliefs."
The side bar on the website explaining the tax relief compares the video game industry to that of the already thriving UK television and film industries, reading:
"Similar tax breaks have already been introduced for the film industry and have attracted big filmmakers to produce in the UK when they could have gone elsewhere. These tax breaks recognise that games are as important as film and television in contributing to the country's cultural and economic output and are integral to the UK's future business growth."
In the main body of the website page, it goes on to say:
"This tax relief will lessen the financial risk of producing new games and enable games studios to invest in more staff. Reduced financial risk will also make it easier for games developers who are fresh out of university to start their own companies."
This is fantastic news for all UK game developers out there, as we'd hate to see a repeat of Rhode Island based 38 Studios.
This could also help upcoming UK-based games companies really make their mark on the industry. I, for one, am right behind them.