Programme performance has been strong to date – when externally reviewed by EKOS Consultants after only two rounds of UKGF funding and one round of Tranzfuser funding, UKGTF has overachieved against target of both business assists and individuals with enhanced skills, whilst meeting the target of number of businesses created. The review also noted:
The programmes serve a well-established and identifiable gap within the sector – the provision of early stage funding and support to companies and teams seeking to develop video games. The programmes have a strong fit with the strategic context for the development of the creative industries in the UK, and help to address the market failure of asymmetrical information and funding gaps which exist for early stage companies.
Stakeholders were unanimous in agreeing that these programmes are important for the continued development of the sector, allowing people to develop their technical and commercial skills to develop their project and to develop a business.
Stakeholders were in agreement that in the absence of these programmes, there would be a negative impact on the sector. The existing funding and support gaps would be made even larger, ultimately resulting in fewer companies being created and fewer games and projects being developed.
46% Of funded companies are start ups
31% Of funded companies have secured additional funding so far
66% Of companies safeguarded jobs
44% Of companies created new jobs
94% Satisfaction rating
63% Awards to companies with <5 employees
A key finding from UKGTF’s work to date has been
All of our work seeks to bring about these success factors in the teams and companies we support.
UK Games Fund portfolio companies
Individuals with enhanced skills
Teams/ Companies in our community
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