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UK games industry generates £12bn annually and supports 73,000 jobs
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Latest Updates | PocketGamer.biz
TIGA proposes an Independent Games Tax Credit and enhancements to VGEC to fuel growth.
The UK games industry generates £12 billion ($16.3bn) in annual GVA (Gross Value Added) and supports over 73,000 jobs with 28,000 developers.
Moreover, the UK games industry drives regional growth beyond London, which accounts for 38% (£2.1bn) of GVA.
Struggle amidst growthTIGA's report found that the UK games industry faces challenges attracting investment, as its Video Games Expenditure Credit offers 20.4% relief, compared to higher incentives abroad.
He added: “The most effective way of driving growth in the UK video games industry is to enhance VGEC.
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