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Games industry to be awarded hard cash money

Thursday, 10th July 2008 06:12 GMT By Mike

Margaret Hodge – Minister for Culture, Creative Industries and Tourism in the UK – has intimated that some of the £10 million the Technology Strategy Board annually awards tech innovation will be heading the way of the gaming industry this year.

“We’ve worked really, really hard to try and ensure that across Government people recognise that the innovation that takes place in the games industry needs the same recognition and support that is given and takes place in traditional industries – whether it’s automotive, pharmaceutical and so on,” she said.

“And we’re getting somewhere. For example, the Technology Strategy Board, which gives money to innovation, is now for the first time giving £10 million to support innovation in the games industry – there are three strands in that, and videogames is featuring very strongly in the applications received.”

Just who gets what and how much will be be announced shortly.

Thanks, GI.

By Mike Bowden

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3 Comments

  1. CastellanSpandrell

    Ridiculous! Instead of a level playing field with tax breaks for all, a select few will get receive hand-outs for ‘innovation’. The ‘innovation’ probably being supporting government policy.

    #1 6 years ago
  2. Whizzo

    Unless they do some tax breaks then it’s game over for a lot of UK development, 10 million quid would be really nice in my current account but it’s peanuts for the UK games industry and it’s only some of it heading that direction anyway.

    #2 6 years ago
  3. Tiger Walts

    That’s £10m for all tech industry. So whatever the games industry gets, it’s nothing compared to what it really needs.

    #3 6 years ago

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