On Tuesday and Friday last week, the Chancellor of the Exchequer announced a range of economic measures in response to coronavirus.
On Tuesday and Friday last week, the Chancellor of the Exchequer announced a range of economic measures in response to coronavirus. TIGA, the trade association representing the video games industry, has welcomed the initial steps that the Government has taken to support businesses. The Coronavirus Job Retention Scheme and deferral of VAT for the next quarter are helpful initiatives. In creative industries like the video games industry, the biggest business cost is employment and the measures the Government has taken will enable games businesses to retain employees.
The VAT deferral will also provide businesses more time and runway to stay in operation. However, TIGA is calling for the Government to introduce additional measures to support the UK video games industry at this critical time. TIGA has set out its 10 proposals to enable the Video Games Industry to cope with Coronavirus. Our proposals are based on feedback from games developers, publishers and service providers in the industry. In particular, TIGA is calling for the following to be addressed:
Dr Richard Wilson OBE, TIGA CEO, said: “We welcome the steps taken by the Government to support British businesses in this unprecedented emergency but we would encourage them to go further by providing a safety net for the self-employed. Approximately one sixth of the UK workforce is self-employed, freelance or working on zero hour contracts. 17.5 per cent of the UK games development workforce are contractors. “TIGA has recommended 10 points for the Government to consider in order to enable our high skilled, high technology and export focused industry to survive, revive and thrive. The Government should provide further support to self-employed workers and additional relief for businesses. The greater the levels of support now, the quicker our industry will be able to get back on its feet and create jobs, content and businesses once the crisis is over.”