UK’s computer games turnover rises 8% in year to over £500m
23 October 2017
The turnover of the UK's computer games industry has increased by 8% in the past year to over £500 million, new figures show.
The growth has been driven by online games, said finance firm Funding Options, adding that the industry has recovered from slow growth in past years amid stiff competition from firms in North America and Scandinavia.
A video games tax relief introduced in 2014 has helped firms develop growth plans, said the report.
Conrad Ford, founder of Funding Options, said: “It is great to see UK computer game developers are firing on all cylinders again.
“The UK’s gaming industry has a well-deserved international reputation for innovation and excellence and it is well-placed to build on an impressive couple of years.”
John Nguyen/PA Wire