NZ First boosts video game subsidies

NZ First pledges higher subsidies for game developers to retain talent.

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NZ First boosts video game subsidies

NZ First pledges higher subsidies for game developers to retain talent.

In brief

NZ First pledges higher subsidies for game developers to retain talent. NZ First proposes raising taxpayer subsidies for video game developers from 20% to 40% of costs and increasing annual payouts to $10 million per studio. Originally reported by RNZ.

NZ First proposes subsidy increase

Deputy Prime Minister Winston Peters

NZ First wants to increase existing government rebate from 20 to 40 percent of development costs and triple maximum annual payout to $10 million per studio.

Funding for Dunedin's CODE

The party promises ongoing funding for Dunedin's Centre of Digital Excellence, guaranteeing $5 million annually rising to $7 million by 2028.

Comparison with Labour's plan

Labour would raise rebate to 25 percent capped at $4.5 million per studio, while NZ First lowers minimum development spending from $250,000 to $150,000.

What matters most

NZ First proposes raising taxpayer subsidies for video game developers from 20% to 40% of costs and increasing annual payouts to $10 million per studio.

Read the original on RNZ

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