German games fund increases to $73 million

The German Bundestag has increased the national budget for the games industry to $73 million (€70 million).

Unveiled in 2020, the games fund offered government support for up to 50% of developer costs.

Since the program’s launch, game companies have increased by 26% and employment in the industry grew 12% as well.

The governing body said that it increased support by $21 million (€20 million) for 2023 following the sector’s growth.

Looking ahead, the German Games Industry Association (game) predicts that the support initiative will need to provide $100 million euros annually.

“The provision of this additional games funding sends a powerful signal” said managing director of game Felix Falk.

“It will enable Germany to continue its pursuit of becoming one of the world’s top locations for game development.”