UK industry growing again after three year stall

By Brenna Hillier
19 March 2013 02:54 GMT

The UK’s games industry had shuckjed off the effects of recent recessions to move back into growth mode, according to trade body TIGA.

In a new report called ‘Making Games in the UK Today: A Census of the UK Developer and Digital Publishing Sector’, TIGA said the UK’s development scene grew by 4% in 2012. The growth follows a three year decline in employment rates.

Of this growth, creative staff grew from 8,888 to 9,224; jobs indirectly supported by studios rose from 16,250 to 16,864; and studio numbers rose from 329 to 448.

Investment grew, too, from £411 million in 2011 to £427 million in 2012, and tax revenues generated by the development sector went from £376 million to £400 million, increasing contribution to UK Gross Domestic Product increased from £912 million to £947 million.

“The UK economy may be on the verge of a triple dip recession but the recovery in the UK games development sector has taken off,” said Tiga CEO Richard Wilson. “Employment, investment and start-ups are up. The games development industry is growing again.”

Wilson said the growing mobile and tablet markets, proliferation of start-ups following major closures, and the Games Tax Relief scheme have all helped foster the turn around.

Tiga’s report is based on a survey of UK games businesses, with assistance from Games Investor Consulting.

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