UKIE report aiming to make crowd funding legal in UK

Friday, 10 February 2012 09:44 GMT By Johnny Cullen

UKIE has said it’s to publish a report next week that will outline the specifics on how crowd funding in the UK should be legal.

The organisation’s Crowd Funding Report is aiming to change legislation, where people can fund a project or company.

The news comes after Double Fine’s staggering $1.2 million and climbing Kickstarter project yesterday.

“Double Fine’s Kickstarter project has today shown the huge potential of crowd funding to benefit games and interactive entertainment businesses,” said UKIE CEO Jo Twist.

“We need the UK to be able to take full advantage of crowd funding and UKIE’s Crowd Funding Report, due next week, will outline exactly what needs to be done for this to be possible.”

More details here.