TIGA Responds To Brexit

Posted on by Ryan

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One of the biggest topics in the world today is the vote for England to leave the EU and has caused the Euro to crash to the lowest in 2o years and Prime Minister David Cameron to announce his resignation.

Of course video game developers have also been affected and some are even coming out to discuss the matter. Today TIGA CEO Dr Richard Wilson is asking for policy makers to “ensure games companies have access to sufficient finance, benefit from Video Games Tax Relief and R&D Tax Relief” following the referendum, and can “access highly skilled people from outside of the UK”. Stating..

“The UK video games industry is a high technology sector that provides high skilled employment for over 30,000 people, including approximately 11,000 development staff and which contributes £1.1 billion to UK GDP,” he said.

“It is also export oriented, with at least 95 per cent of studios exporting. Following the referendum in favour of ‘Brexit’, it will be more vital than ever to strengthen (and avoid harming) those sectors where the UK has a comparative competitive advantage: for example, aerospace, defence, high-value manufacturing and engineering, high technology industries, higher education, low carbon technology and the creative industries, including the video games sector.

“For the video games industry, it is particularly important that policy makers ensure games companies have access to sufficient finance, benefit from Video Games Tax Relief and R&D Tax Relief, have clear and stable IP rights and can access highly skilled people from outside of the UK. Any new points based migration system must not be onerous or complicated, otherwise the industry’s growth could be held back.”