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LONDON, June 6, 2022 /PRNewswire/ — TIGA, the trade association representing the UK video games industry, published new data today showing a wave of new games studios started up in the UK. 557 new studios were formed between April 2020 and December 2021.[1]
TIGA’s research shows that:
Dr Richard Wilson OBE, TIGA CEO, said:
“The UK video games industry has experienced a wave of start-ups during 2020-21. This torrent of start-ups has been partly driven by COVID lockdowns and the necessity to move development staff to remote working. Record numbers of game developers have incorporated throughout the research period. Many have commercialised side-projects undertaken in developers’ increased spare time. The increase in start-ups also reflects strong consumer demand for games and relatively low barriers to studio formation, especially on mobile.
“Micro-studios now represent 78 per cent of all UK games development companies. The challenge now is to enable more of our micro-studios to scale up and grow. TIGA is recommending the enhancement of Video Games Tax Relief to ensure a favourable tax environment for games production and the establishment of a Video Games Investment Fund to enable more start-ups to access finance and professional advice.”
Notes to editors
Research methodology
Games Investor Consulting in conjunction with TIGA and its partners conducted surveys concluding in July 2008
About TIGA
TIGA is the trade association for the UK video games industry. Since 2010, TIGA has won 28 business awards and commendations and has been successfully accredited as an Investors in People organisation four times. Our vision is to make the UK the best place in the world to develop video games. Our core purpose is to strengthen the games development and digital publishing sector. To this end, we focus on four strategic objectives:
Get in touch:
Tel: 0845 468 2330
Email: info@tiga.org
Web: www.tiga.org
Twitter: www.twitter.com/tigamovement
Facebook: www.facebook.com/TIGAMovement
LinkedIn: http://www.linkedin.com/company/tiga
[1] TIGA’s research is based on an extensive survey of game developers with analysis conducted by Games Investor Consulting.
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