Shorter Reads

Powering Progress: The UK’s £60M Creative Industries Boost Plans to Elevate the Gaming Industry

The UK government’s announcement of a £60 million investment into creative industries highlights a significant effort to drive growth within the sector, with a particular focus on the gaming industry.

1 minute read

Published 28 January 2025

Authors

Share

Key information

  • Sectors
  • Digital

The UK government’s announcement of a £60 million investment into creative industries highlights a significant effort to drive growth within the sector, with a particular focus on the gaming industry. This includes a record £5.5 million allocated to the UK Games Fund, a not-for-profit organisation established to support the early-stages of game development in the UK. This targeted funding aims to encourage innovation, create jobs, and contribute to economic growth.

For gaming industry stakeholders, this funding presents both opportunities and challenges. The investment is expected to facilitate the launch of new studios and projects, expanding the market and intensifying competition, in an environment where it is already very difficult to get noticed by gamers. Navigating the requirements for funding applications—such as company registration, employment of developers, and compliance with regulatory frameworks—will be critical.

Engaging with legal professionals who understand both the industry and your business needs will be essential. Expert guidance can help businesses effectively access funding, comply with legal obligations, and strategically position themselves for long-term success in this rapidly evolving sector.

Related latest updates
PREV NEXT

Related content

Arrow Back to Insights

Shorter Reads

Powering Progress: The UK’s £60M Creative Industries Boost Plans to Elevate the Gaming Industry

The UK government’s announcement of a £60 million investment into creative industries highlights a significant effort to drive growth within the sector, with a particular focus on the gaming industry.

Published 28 January 2025

Associated sectors / services

Authors

The UK government’s announcement of a £60 million investment into creative industries highlights a significant effort to drive growth within the sector, with a particular focus on the gaming industry. This includes a record £5.5 million allocated to the UK Games Fund, a not-for-profit organisation established to support the early-stages of game development in the UK. This targeted funding aims to encourage innovation, create jobs, and contribute to economic growth.

For gaming industry stakeholders, this funding presents both opportunities and challenges. The investment is expected to facilitate the launch of new studios and projects, expanding the market and intensifying competition, in an environment where it is already very difficult to get noticed by gamers. Navigating the requirements for funding applications—such as company registration, employment of developers, and compliance with regulatory frameworks—will be critical.

Engaging with legal professionals who understand both the industry and your business needs will be essential. Expert guidance can help businesses effectively access funding, comply with legal obligations, and strategically position themselves for long-term success in this rapidly evolving sector.

Associated sectors / services

Authors

Need some more information? Make an enquiry below.

    Subscribe

    Please add your details and your areas of interest below

    Specialist sectors:

    Legal services:

    Other information:

    Jurisdictions of interest to you (other than UK):



    Article contributors

    Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?

    Subscribe to our articles

    Message us on WhatsApp (calling not available)

    Please note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.

    I accept Close

    Close
    Scroll up
    ExpandNeed some help?Toggle

    < Back to menu

    I have an issue and need your help

    Scroll to see our A-Z list of expertise

    Get in touch

    Get in touch using our form below.



      Business Close
      Private Wealth Close
      Hot Topics Close