£5m boost to UK Games Fund

The Department for Culture, Media & Sport (DCMS) has announced an additional £5 million for the UK Games Fund as part of the Creative Industries Sector Vision – a joint plan between government and industry to drive growth, build talent and develop skills across the creative sectors.

This new funding will offer £50,000 – £150,000 commercial games-for-entertainment content grants.

The requirements for applicants are that they should be UK registered SMEs with PAYE employees engaged in games development work in the UK and their ownership should be set out and involve UK-based founder-director/s as significant shareholder/s.

The total previous grant and other subsidies will not exceed £315,000 over a three-year fiscal period (including any prior funding from us) in order to comply with UK subsidy control legislation. This funding is being operated within the terms of the minimum financial assistance (MFA) exemption*

The founders should be able to articulate the rationale for all structural aspects of the business and the growth strategy in the context of building and growing a financially-sustainable UK-based games development studio and growing PAYE employment, particularly where there are any non-standard business configurations such as dispersed teams/high levels of contracting.

There is a rolling deadline but applications should be made as soon as possible.

More details.

‍