Videogame industry’s tax relief will be “among the most generous in the world,” says UK chancellor

Osborne

That’s according to a statement released today from the United Kingdom Treasury. Chancellor George Osborne is offering the industry tax relief “worth 25% of qualifying expenditure.” Two years ago it looked like those making games could kiss tax relief goodbye, but this is welcome news for a country that, I think it’s fair to say, has always been a world-leader in games development.

The statement looks like good news for gaming across the board, as it also speaks of improving Britain’s broadband access and adding videogames to the Skills Investment Fund, which nurtures new creative talent and is set to receive an additional £6m over the next two years.

The UK has pioneered video gaming past and present, being the birthplace of Elite, Grand Theft Auto, Tomb Raider and many, many other groundbreaking and often seminal titles. Here’s to many more.

Thanks to GamesIndustry.biz, who have published positive responses from both TIGA and UKIE. They’re well worth visiting simply because they found an excellent image for their report.