The German games industry will be given a welcome boost next year after the government approved plans to pour €50 million into funding local games studios.
“The securing of games funding is a clear signal for Germany as a games location. The Finance Committee of the German Bundestag provides the important planning security by fixing the budget for the coming years.“Game’s managing director Felix Falk
The Finance Committee of the German Bundestag agreed to introduce this funding into the federal budget for 2020 “and the upcoming years”, which will help promote the games development industry in the region.
The hope is the new funding will “reduce Germany’s major competitive disadvantages,” according to local trade body Game. The organiяation cites France, Great Britain, and Canada as examples of countries that have already assigned government funding to grow the games industry, with Germany reportedly 30% more expensive to develop in by comparison.
This has led to decline in the German development scene, despite growth in the overall market. Game reports that for every €100 spent on video games in the country, only €4.30 goes to local developers.This funding was actually agreed last year at a federal level in an agreement between three government parties, with a budget of €50 million allocated to the Federal Ministry of Transport and Digital Infrastructure for this purpose. The Ministry has already received 380 project proposals during the pilot phase.