The Government and game development sector are gearing up to roll out the support announced in Budget 2023, says Minister for the Digital Economy & Communications Ginny Andersen.
“The Government moved in the Budget to provide certainty for the growing and important game development sector with a $40 million per annum funding boost, and the focus has quickly shifted to delivering the scheme,” says Andersen.
“It’s an ambitious sector with big plans to build on the $400 million it brought in last year.
“The Government has swung in behind with a 20 per cent rebate that is designed to help grow and retain gaming studios in New Zealand.
Individual studios that meet the minimum $250,000 expenditure threshold a year will be able to receive up to $3 million a year in rebate funding, backdated to 1 April 2023.
“Feedback on the scheme opens today and will be considered from 6 July, with the scheme’s outline expected to be announced by October. Pending the consultation, registration for the scheme will start later that month, with successful applicants starting to receive funding from mid-2024.
“I’m also confirming today that NZ On Air has been selected to administer the scheme.
“It has experience administering contestable funds, and already provides some funding for children’s games, through which it has developed a good relationship with the game development sector.
“I’m confident NZ On Air will be able to get this support up and running quickly and efficiently.”
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