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Clarification On The Status of Star Citizen Development

EDITOR’S NOTE: Cloud Imperium Games have now released a statement about this situation and it appears that the below referred to a Government Game tax credit rebate. We’d like to apologise to Cloud Imperium Games for not clarifying with them on the specifics of this prior to posting. We wish them all the best on the ongoing Star Citizen development.

A portion of this statement can be seen below:

“Our UK companies are entitled to a Government Game tax credit rebate which we earn every month on the Squadron 42 development. These rebates are payable by the UK Government in the fall of the next following year when we file our tax returns.  Foundry 42 and its parent company Cloud Imperium Games UK Ltd. have elected to partner with Coutts, a highly regarded, very selective, and specialized UK banking institution, to obtain a regular advance against this rebate, which will allow us to avoid converting unnecessarily other currencies into GBP.”

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