Home to critically acclaimed games such as Batman Arkham Knight and Monument Valley, the UK’s video games sector plays a vital role in the country’s thriving creative industries.
Now worth £84 billion to the economy, the creative industries are one of the UK’s greatest success stories. Government support through things like tax credit and the UK Games Fund is helping to drive that growth.
The Fund will run until 2019 and will provide grants of up to £50,000 to support video games projects, create jobs and help develop new talent.
The first round of the UK Games Fund invited businesses to apply for grants to take current projects and make them into working prototype games. It was recognised that many small businesses lack the capital to help develop their ideas and attract private investment. This Fund has been created to help bridge that gap and help developers take their ideas from the drawing board and into production.
Twenty-four companies across the UK have been selected in the first round of the UK Games Fund and will now receive grants to develop their projects.
First round winners include: Atomicom, Cardboard Sword, Clever Beans, Coatsink Software, Fallen Tree Games, Futurlab, Hewson Consultants, Noble Games, Nosebleed Interactive, Paw Print Games, Plug-in Media, Roll 7, Ruffian Games, Rumpus Animation, Semaeopus, Sensible Object, Six to Start, Slug Disco Studios, Spilt Milk Studios, Tag Games, The Secret Police, Two Way Media, White Paper Games and Yakuto.
The UK Games Fund is managed by UK Games Talent and Finance and will explore joint initiatives with organisations such as Digital Catapult, BAFTA, Ukie, Tiga, Creative England, Creative Scotland and BFI.
Businesses can now apply for the second round of funding of grants up to £25,000 here. Applications are open until Monday 18th April 2016, 12pm noon.
Ed Vaizey, Minister for Culture and the Digital Economy said:
“The UK is home to some of the world’s most successful video games and this cash boost will help these games companies grow their business and create the blockbusters of tomorrow.
“I hope this Fund will give them the boost and extra support they need and urge other games companies and developers to apply for funding.”