View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 19, 2013

UK gaming industry returns to growth after three years of decline

The research found that annual investments by studios rose from £411m to £427m between 2011 and 2012.

By CBR Staff Writer

Research by trade association, Tiga, found that employment in the UK games development sector rose by 4% in 2012 after three years of decline.

According to the research, annual investment by studios rose from £411m to £427m between 2011 and 2012 as the number of studios increased from 329 to 448.

The number of jobs within studios grew from 8,888 to 9,224, and jobs supported by studios rose from 16,250 to 16,864.

The research found that the games sector contributed £947m to UK GDP, up from £912m.

Tiga CEO, Richard Wilson, said that the UK economy may be on the verge of a triple dip recession but the recovery in the games development sector has taken off.

"Employment, investment and start-ups are up. The games development industry is growing again," Wilson said.

Wilson noted that the sector’s return to growth has been driven by three factors.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

"Firstly, the increasing prevalence of mobile and tablet devices have created a growing market for games: studios are setting up to meet this demand," he added.

"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."

"Jobs and investment in the games industry are set grow further once Games Tax Relief comes into effect from April 2013."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU