Creative England GamesLab has today announced the opening of two regional funds to support the growth of games companies outside of London.
England’s games industry is thriving. Recent research by Nesta and Ukie reported on more than 1,900 active games companies in the UK, half of which were founded in the last five years, potentially bringing around £1.72bn into the country’s economy.
With £150k to plunge into the West Midlands, companies from the region can apply for £20k - £50k to boost business growth and take advantage of this booming industry.
A further boost is going towards the South West, where developers can claim back 50% of their hardware, software or consultancy costs incurred in the process of making their game. The total cost of qualifying purchases must total £2k to £10k – meaning that Creative England will reimburse companies £1k to £5k.
The news comes as Creative England has received an extra £8m from the Regional Growth Fund – meaning that later in the year more regions will benefit from GamesLab funding.
Jaspal Sohal, Head of Games & Digital at Creative England, said: “The £8m we’ve recently received from the Regional Growth Fund is fantastic news not only for us but for games companies all over the English regions. Later this year we’ll be able to open up funds to the North, the East Midlands, the South and the South East – something we know has been in demand since GamesLab’s inception.
“For now the two programmes we’re now able to offer up to the West Midlands and South West are great opportunities to companies based in those regions, and are an accessible financial boost for up-and-coming studios.”
- games funding
- Games Funding