UK game studios received $95 million in state donations over the year
In 2016, the state compensated £73 million (about $95 million) of tax benefits to UK game studios, which is 60% more compared to the same period last year.
The report states that over the past year, with the help of state support, the UK gaming industry has released 90 titles.
The Video Game Creators Tax Relief (VGTR) program allows game developers in the UK to cover 20% of their production costs at the expense of the state.
To receive compensation, the game must pass the cultural test of the British Film Institute.
The VGTR program has been in existence since 2014, during which time the United Kingdom video game industry has received government support in the amount of £119 million ($154 million).
“VGTR directly creates jobs, fuels technical and creative innovation and enables the UK to become a global player in the gaming and interactive entertainment sector,” said Joye Twist, CEO of the UKIE non—profit video game Developers Association.
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