Gov.uk: Membership of new Creative Industries Taskforce announced
// Caroline Norbury // creative industries // UK Government
Creative UK is excited to grow the games portion of its Creative Growth Finance portfolio with a new investment into Fallen Planet Studios. The indie games developer, based in Southport, has received £500,000 from Creative UK’s landmark debt fund and now joins Huey Games and Futurlab in the 27-strong portfolio.
Fallen Planet Studios specializes in the creation of immersive games and experiences for Virtual Reality (VR). Formed in 2013, the studio was one of the world’s first games companies to focus solely on VR and in 2022 they were recognised by a panel of judges in the META Games Industry Index for both innovation and longevity. In addition to gaining investment from Creative UK, Fallen Planet Studios is a member of Creative Enterprise’s Evolve cohort – the investment-readiness programme for screen-based companies.
Nick Cavander, Investment Manager, Creative UK, said:
“We’re thrilled to welcome Fallen Planet Studios to the Creative Growth Finance portfolio to support their continued growth and development of their VR games offering. Our £500,000 investment will help Fallen Planet build on the success of their original IP as they head towards the next release from their franchise, AFFECTED: The Asylum. This new release will include multi-player functionality, bringing added value and enjoyment for players of this already compelling game narrative.”
Alex Moretti, CEO, Fallen Planet Studios, commented:
“Fallen Planet Studios is delighted to have received investment from Creative Growth Finance, enabling us to expand on the great work we have done over the past 7 years and deliver even more outstanding VR gaming experiences to players worldwide. This investment will be used to build out our original AFFECTED IP and is a testament to the hard work and dedication of our team to date. We’re excited for the future as we continue to innovate within the space and strive to be at the forefront of the VR games market.”
For further information on Creative Growth Finance and the fund’s eligibility criteria please visit www.wearecreative.uk/support/creative-enterprise/investment/creativegrowthfinance
For press and media enquiries please contact Matthew Horne, Press & PR Manager, Creative UK on +44(0)7874 867947 / matthew.horne@wearecreative.uk
For investment enquiries please contact Nick Cavander, Investment Manager, Creative UK on nick.cavander@wearecreative.uk
NOTES TO EDITORS
Creative UK
Creative UK believes in the power of creativity to change lives. We unite the creative industries and generate opportunities for innovation to thrive by investing in creative people and businesses. And we harness the power of the creative sector to build a stronger, fairer, and more prosperous future.
We are the UK’s leading Creative Industries investor and a strategic investment partner for growth-minded creative businesses. Creative Growth Finance is a landmark fund providing vital scale up finance to the UK’s most promising creative businesses, partnering with Triodos Bank to offer loans of £100,000 to £1m.
