Department for Culture, Media and Sport
£4m fund to kick-start the next ‘Tomb Raider’
Government launches £4million Video Games Prototype Fund to support UK video games development
A new £4 million fund to help boost the UK’s growing video games industry has been launched by Government today (Monday 12 October).
Aimed at helping smaller companies get concepts off the drawing board and into production, the fund will provide additional support to the sector which has already given the world global blockbusters like Tomb Raider, Little Big Planet, Runescape, Monument Valley and Batman: Arkham Knight.
Over the four years from 2015 to 2019, the Video Games Prototype Fund will offer grants of up to £25,000 to support video games projects, as well as creating jobs, nurturing talent and furthering the growth of games clusters all around the UK.
The Fund forms part of a package of measures Government has introduced for the sector including the highly successful tax reliefs.
Minister for Culture and the Digital Economy Ed Vaizey said:
“Britain’s video games punch well above their weight internationally and we need to build on this and invest in the strength of our creativity. This fund will give small businesses, start-ups and individuals the support they need to better attract private investment and go on to create the blockbusters of tomorrow.”
The UK’s video games industry currently generates more than £4.5 million* a day for the UK economy and directly employs more than 19,000 people. It’s undoubtedly one of our biggest success stories and this Fund will help young companies to raise the private investment necessary to see a concept turned into a finished product, helping to maximise the contribution to economic growth this sector is already delivering.
Key features of the fund include:
- Grants of up to £25,000 to help new and young games development businesses create working prototype games.
- Grants of up to £50,000 for a limited number of projects to take their ideas beyond the prototype phase.
- Talent development initiatives - this will include competitions for students and graduate teams to create and showcase new games, mentoring for businesses and individuals, and opportunities for talented individuals to work on games prototype projects.
The Prototype fund will build upon a previous government-supported scheme, which was successfully run by Abertay University between 2010 and 2014.
Ian Livingstone CBE, fantasy author and video games entrepreneur said:
“The UK has a long history of developing world-class video games. From Elite and Populous to Tomb Raider and Grand Theft Auto to Runescape and Moshi Monsters to Monument Valley and Plunder Pirates, UK games have made a significant cultural and economic global impact. This fund will encourage and incentivise new talent to carry on that important legacy.”
The Fund will be managed by the UK Games Talent and Finance Community Interest Company and will explore joint initiatives with organisations such as Digital Catapult, BAFTA, Ukie, Tiga, Creative England, Creative Scotland and BFI.
Paul Durrant, Managing Director, UK Games Talent and Finance CIC said:
“Funding for both prototype development and talent support can really make a difference in the early stages of creative and business development. This Fund is a great boost for the sector and will help projects better attract significant private investment.”
Find out more about the Fund here
The Video Games Prototype Fund will be administered from offices in Dundee and the Digital Catapult
*Nesta and Ukie, Map of the UK’s Games industry on the value of the UK’s video games industry.
The UK Games Talent and Finance Community Interest Company was established in 2015 and is working on a range of initiatives to support the video games development community.
Latest News from
Department for Culture, Media and Sport
Secretary of State speech at the RENEW summit27/01/2022 15:10:00
Nadine Dorries addresses delegates at the RENEW summit 2022
New smart devices cyber security laws one step closer26/01/2022 11:10:00
Digital Secretary Nadine Dorries to open the debate on new law to strengthen cyber protections for people’s smartphones, TVs, speakers, routers and digital devices
Global data experts fire up government’s plans to promote free flow of data25/01/2022 15:10:00
World’s best data experts form government council on international data transfers
Prime Minister declares UK one of the most open countries in Europe and ready for an international tourism boom25/01/2022 13:25:00
UK is safe and open for visitors with no testing for fully vaccinated tourists
Strikingly beautiful still life worth more than £6 million at risk of leaving UK21/01/2022 13:22:00
A temporary export bar has been placed on Banquet Still Life by Dutch artist Jan Davidsz. de Heem.
Culture Secretary: Aquatics Centre of Birmingham Commonwealth Games will leave 'a legacy for generations'21/01/2022 12:10:00
Nadine Dorries and Paralympic swimming champion Ellie Simmonds visit Sandwell Aquatics Centre.
Government backs UK entrepreneurs with tech support and software to help them grow20/01/2022 13:12:00
Help to Grow: Digital scheme launches today to support small businesses with discounted software and free advice.
Fursa support, through Whitebox20/01/2022 11:20:00
Fursa is an initiative that aims to build youth entrepreneurs to drive economic growth and development.