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PRIVACY
Enterprise

£50m support announced for businesses in the creative industries

Funding of £8 million will help start-up gaming businesses grow via the º£½ÇÊÓÆµ Games Fund, which was established in 2015 and is headquartered in Dundee.

Businesses in the creative industries are to receive about £50 million of Government investment, it has been announced.

Culture Secretary Nadine Dorries said the money would give companies “the tools they need to expand their work and provide even more jobs”.

The investment includes £21 million through a three-year º£½ÇÊÓÆµ Global Screen Fund, following a year-long pilot.

Administered by the British Film Institute (BFI), the fund from the Department for Digital, Culture, Media and Sport (DCMS) aims to increase the international reach and revenues of º£½ÇÊÓÆµ independent screen content.

Funding of £8 million will help start-up gaming businesses grow via the º£½ÇÊÓÆµ Games Fund, which was established in 2015 and is headquartered in Dundee.

More than £18 million will go to the Creative Scale Up Programme, which provides finance and business support to firms outside of London, as part of the Government’s “levelling up” agenda.

Ms Dorries said: “The creative industries in the º£½ÇÊÓÆµ are truly world class and I am committed to doing everything I can to support their innovative work as they continue to thrive.

“£50 million of Government investment will provide businesses across the country with the tools they need to expand their work and provide even more jobs as we look to level up opportunities across the country.”