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News - UK games industry made record $3.84 billion economic contribution in 2019 - Printable Version

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News - UK games industry made record $3.84 billion economic contribution in 2019 - xSicKxBot - 12-14-2020

UK games industry made record $3.84 billion economic contribution in 2019

<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/12/uk-games-industry-made-record-3-84-billion-economic-contribution-in-2019.png" width="646" height="226" title="" alt="" /></div><div><p>The UK games industry made a record £2.91 billion ($3.84 billion)&nbsp;contribution to the country’s national economy in 2019.</p>
<p>That’s according to new economic estimates released by the Department of Digital, Culture, Media, and Sport (DCMS), which reveals the industry contributed £2.91 billion ($3.84 billion)&nbsp;in gross value added (GVA) through development and publishing — representing a 9.1 percent increase on 2018.&nbsp;</p>
<p>Industry trade body Ukie has suggested the latest estimates show the UK video game sector&nbsp;will play pivotal role in helping the region’s economy recover from the coronavirus pandemic.&nbsp;</p>
<p>It also noted that the latest numbers only accord for the impact of game development and publishing, suggesting the “full size and economic contribution” of the entire UK games industry — including support services, retail, esports, and merchandising —&nbsp;could be even larger.&nbsp;</p>
<p>“These&nbsp;new figures&nbsp;underline how&nbsp;successfully, and quickly,&nbsp;the UK industry is growing.&nbsp;With leveling up firmly on the Government’s agenda, it makes perfect sense&nbsp;to back a sector that has 55 percent&nbsp;of game development roles based outside London,” <a href="https://ukie.org.uk/news/uk-games-industry-makes-record-2-91bn-contribution-to-national-economy">commented Ukie CEO, Dr Jo Twist, in a blog post</a>.</p>
<p>“That’s why we’re calling for greater&nbsp;and longer-term&nbsp;investment into the UK Games Fund and into an industry matched skills fund. The UK needs to&nbsp;show it can lead the world while backing local communities and the best way to do that is to back the modern, innovative and resilient games sector.”</p>
<p><img loading="lazy" alt height="226" src="https://www.sickgaming.net/blog/wp-content/uploads/2020/12/uk-games-industry-made-record-3-84-billion-economic-contribution-in-2019.png" width="646"></p>
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https://www.sickgaming.net/blog/2020/12/11/uk-games-industry-made-record-3-84-billion-economic-contribution-in-2019/