TIGA, the network for games developers, digital publishers and the trade association representing the games industry, have today announced that the UK video games industry is set to increase investment and expand employment in 2016. TIGA made the comments in its latest Business Opinion Survey 2015/16. The report was based on a survey of 52 games businesses including small, medium and large firms, developing games across mobile/tablet, PC and console.
Dr Richard Wilson, TIGA CEO, said:
TIGA’s Business Opinion Survey 2015/16 includes the following key findings:
- 60 per cent of respondents plan to grow their organisation’s workforce a little over the next year. 12 per cent expect their workforce to grow a lot.
- 54 per cent of respondents to the TIGA survey said that the outlook for investment in their business (for example, in R&D, training, new games development, etc) was more optimistic than compared to 12 months ago.
- 66 per cent of respondents to the TIGA survey forecast that the trend in their company’s net profits over the next 12 months would be up.
- 67 per cent of respondents reported that their company was performing either ‘very well’ or ‘well’.
- 46 per cent of the respondents to the TIGA survey said that the principal obstacle holding back their businesses was limited access to finance.
- 56 per cent of respondents anticipate that their company’s costs are likely to increase over the next 12 months.
- 38 per cent of games businesses in our survey expect that their prices will increase over the next 12 months.
- 63 per cent of respondents to the TIGA survey believe that the economic and business environment in the UK is favourable to the video games industry.
Jason Kingsley OBE, TIGA Chairman and CEO and Creative Director at Rebellion, said:
In October 2015, it was announced that the UK video game businesses was to receive a £4 million funding boost from the government to aid the industry’s growth. The fund aimed to help startups turn ideas into reality while reinforcing a growth industry that has provided worldwide blockbusters such as Grand Theft Auto, Tomb Raider, Little Big Planet and Batman: Arkham Knight.