TIGA: Scottish games industry needs help now
TIGA today renewed their campaign for tax breaks foe the games industry by highlighting the impact the lack of tax measures could have on the industry in Scotland.
Games industry employment in Scotland dropped by a dismal 18 percent mainly due to the collapse of Realtime Worlds.
TIGA's research shows that tax incentives could help the industry net another 273 jobs and create more than 33 million GBP in tax revenues over the next five years.
CEO of TIGA, Dr Richard Wilson said: "The Scottish video games industry is export oriented, R&D focussed and provides high skilled employment - this is exactly the kind of sector that we need to invest in as part of a process to rebalance the UK economy. TIGA's new research shows that the Scottish games industry contributes almost 67 million to UK Gross Domestic Product, employs 650 highly skilled developers in 46 games development businesses. This is a critically important digital industry which, with the right Government support, can be world beating."
TIGA member and MD of Denki Games Colin Anderson added: "By abolishing Games Tax Relief the video games industry in Scotland will find it harder than other areas to attract the talent and investment it requires to self-sustain commercial success. This will become more problematic as other more aggressive territories realise the potential of digital media and offer progressively more lucrative advantages to companies looking to base themselves in a particular area. The UK Coalition Government must look again at the case for Games Tax Relief."