UKIE details how to boost UK games industry by £1bn

Games trade body UKIE has laid out a list of Government recommendations that would boost the industry by 1bn by 2020.

The report – ‘a blueprint for growth’ – was unveiled at a high-level Parliament event on Tuesday this week.

Independently created by Olsberg SPI on behalf of UKIE, the report is based on consultations with senior industry and Government leaders.

As well as detailing the history of the industry and its business models, the report identifies market failures that the UK sector faces and lists a series of recommendations that – if followed – would contribute another 1bn annually to the British economy in five years’ time.

Recommendations include support for regional growth and exports, methods to attract and retain talent, UK and EU funding to recognise the games market alongside other creative industries, creating the best tax environment and to promote games’ cultural impact.

The full report can be found on the UKIE website: http://ukie.org.uk/blueprint.

UKIE CEO Dr Jo Twist said: The Government already recognises that the games sector can help meet their ambitions for increasing prosperity in the regions and doubling UK exports, and the report outlines how this can be achieved.

This can only be achieved by working in partnership with industry, looking globally but acting locally to maximisethe potential of the UK sector in a digitally-connected global marketplace.”