{"id":305163,"date":"2025-10-15T10:59:30","date_gmt":"2025-10-15T10:59:30","guid":{"rendered":"https:\/\/www.europesays.com\/us\/305163\/"},"modified":"2025-10-15T10:59:30","modified_gmt":"2025-10-15T10:59:30","slug":"uk-trade-bodies-call-for-new-growth-tax-relief-to-scale-up-studios-that-will-drive-our-industry-for-years-to-come","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/305163\/","title":{"rendered":"UK trade bodies call for new &#8220;growth&#8221; tax relief to scale-up studios &#8220;that will drive our industry for years to come&#8221;"},"content":{"rendered":"<p>Game makers in the UK are calling on the British government to support a new tax relief plan, Games Growth Relief, and encourage development across the country.<\/p>\n<p>An <a href=\"https:\/\/ukie.org.uk\/news\/press-start-on-growth-open-letter-to-the-secretary-of-state-for-dcms\/\" rel=\"nofollow noopener\" target=\"_blank\">open letter<\/a> signed by Ukie, TIGA, and more, calls for the introduction of a Games Growth Relief for projects up to $20 million (\u00a315m) in a &#8220;targeted intervention that directly delivers on this ambition.&#8221; <\/p>\n<p>The paper claims the plan would deliver a return of millions of pounds and create &#8220;thousands of high-quality jobs,&#8221; following on from the government&#8217;s recently launched Creative Industries Sector Plan.<\/p>\n<p>&#8220;It specifically supports the scale-up phase where our Great British studios transform from promising SME into the sustainable, globally competitive businesses that will drive our industry for generations to come,&#8221; the letter says.<\/p>\n<p>&#8220;Modelling done by Ukie and TIGA suggests that the introduction of a Games Growth Relief would deliver a return of up to \u00a3482m in annual GVA to the UK economy and create 1000\u2019s of high-quality jobs in communities from Dundee to Brighton and Guildford to Manchester.&#8221;<\/p>\n<p>Earlier this year, <a href=\"https:\/\/www.gamesindustry.biz\/tiga-welcomes-uk-spending-reviews-focus-on-creative-industries-but-emphasizes-importance-of-uk-games-fund\" rel=\"nofollow noopener\" target=\"_blank\">TIGA responded to the spending review outlined by the UK Chancellor of the Exchequer<\/a>, calling the government&#8217;s commitment to increasing funding for the creative industries as &#8220;encouraging.&#8221; Last month, <a href=\"https:\/\/www.gamesindustry.biz\/trade-body-calls-for-stronger-tax-credits-to-support-disadvantaged-uk-industry\" rel=\"nofollow noopener\" target=\"_blank\">it also called for stronger tax credit to support the UK games industry<\/a> by strengthening the Video Games Expenditure Credit.<\/p>\n","protected":false},"excerpt":{"rendered":"Game makers in the UK are calling on the British government to support a new tax relief plan,&hellip;\n","protected":false},"author":3,"featured_media":305164,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-305163","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115377836260285205","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/305163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=305163"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/305163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/305164"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=305163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=305163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=305163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}