The UK games industry is worth nearly £3bn to the British economy and employs over 47,000 people across the country, according to new figures released today. The scale of the gaming industry was revealed in a new report, commissioned by the British Film Institute to explore the benefits of tax relief for screen industries such as games, TV and film. The UK is the fifth largest video game market in the world, with a record £5.11bn spent on gaming in the country last year. Britain is a nation of a reported 37m gamers and the increased creation of games is contributing heavily to the economy. The report, “Screen Business: How tax incentives help power economic growth across the UK”, says that the gaming industry directly employs 20,430 people full-time in development, publishing and retail contributing £1.52bn in gross value added (GVA) to the UK economy. Including people working in areas indirectly linked to the making of games, such as merchandising and eSports, the UK games industry employs a total of 47,620 people and contributes £2.87bn in GVA. The report, which is based on 2016 data from games companies across the country, shows contributions to the economy from the industry has… Read full this story
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