On The Up: UK Games Industry Sees A Return In Growth
A report from TIGA, the videogame industry trade association, suggests that employment and investment in the sector has increased in the UK since 2012.
Compared to 2011 there were 118 more studios, 336 more creative staff and 614 more jobs indirectly supported by studios. Meanwhile studios invested £427m in games development compared to £411m the previous year.
This welcome boost comes after a three-year period of decline in staffing.
TIGA chief executive Richard Wilson put the growth down to three factors;
“Firstly, the increasing prevalence of mobile and tablet devices have created a growing market for games: studios are setting up to meet this demand. Secondly, the closure of big console-based studios has been followed by an explosion of small start-up companies.
“Thirdly, the advent of games tax relief, which Tiga was instrumental in achieving, is already stimulating growth.”
The aforementioned tax relief was introduced in the March 2012 budget and is due to start this April.