Games industry turnover tops £500 million thanks to online multi-player boost

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Computer gamesGETTY

The UK computer games earnestness has increased 8 per cent in the past year to more than £500 million

The broadening has been driven by online games, said finance firm Readying Options, adding that the industry had recovered from slow excrescence in past years amid stiff competition from North American and Scandinavian set ons.

A video games tax relief introduced in 2014 had helped companies enlarge on growth plans, said the report.

Conrad Ford, founder of Funding Alternatives, said: “The industry’s recent growth has partly been driven by the boom in online multi-player games. 

«It is great to see UK computer game developers are firing on all cylinders again.

“The UK’s daring industry has a well-deserved international reputation for innovation and excellence, and it is well-placed to base on an impressive couple of years.”

Computer gamesGETTY

A video games tax relief suggested in 2014 had helped companies develop growth plans

The industry has also benefited from the Video Games Prototype Loot, launched in 2015 and running until 2019.

The fund offers grants of up to £25,000 to aid video games projects, as well as creating jobs, nurturing ability and furthering the growth of games clusters all around the UK.

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