Development body says government is listening to the games industry.
UK games development trade body Tiga says that Chancellor Gordon Brown's latest economic Budget, detailed yesterday, proves that the government is listening to the industry.
The budget included a rise in R&D tax credits for both small and large businesses, starting in April 2008.
The current of 150 per cent for small companies will go up to 175 per cent while the number goes from 125 per cent to 150 per cent for larger companies. The government has also changed the definitions of company sizes, so that companies with up to 500 staff (up from 250) can claim the higher rate.
Tiga has regularly petitioned the government to address this issue, in light of more generous schemes and subsidies that exist in other countries.