Trade bodies team up for creative tax relief push
Two digital trade bodies have teamed up to call on the government to bring in a tax relief scheme for SMEs in the creative sector.
Games industry body TIGA has partnered with digital trade body BIMA to launch a pilot SME Training Tax Relief initiative to promote skills, training and productivity in the £71.4bn a year industry, modelled on existing R&D tax credits.
Natalie Gross, Amaze CEO and chair of education & public policy at BIMA, said: “The digital industry is a major growth sector for the UK economy, in particular SMEs. At the same time, there is not enough trained and skilled talent to enable these businesses to thrive and the UK economy to grow at the rates it could.
"We believe putting incentives for training into the hands of employers is the most expedient and potent way to move the UK digital economy forward, and tax relief will be a step forward in supporting the engine room of the sector, SMEs, to do so."
Dr Richard Wilson, TIGA CEO, added: “This measure would enable developers and other businesses to finance management training, strategic skill development and promote investment in continuous professional development.
“It would also lead to stronger business-educational links. In the case of the games industry, more developers would have the incentive and resources to provide guest lecturers to universities, contribute to course development, participate in school, college and university career days and make work placements available.”