UK Gaming Industry Poised for Expansion Despite Recent Challenges

Despite the recent surge in layoffs, with estimated job losses of up to 6,400 globally in 2023, the UK games sector remains well-positioned for growth. Factors such as lack of funding, high-interest rates, and increased global competition have undoubtedly impacted the industry, but it is essential to look beyond these challenges. The sector's exponential growth during the pandemic has been followed by a period of correction, with companies adapting to tighter financial circumstances. However, a recent TIGA report indicates that the UK games industry grew by 11.4% between December 2021 and April 2023, with a total workforce of 25,026 and 44,162 indirectly supported jobs. While the number of job vacancies may decline in the short term, the sector's outlook remains positive, with estimates suggesting that UK gaming sector employment could rise to 60,000 by 2025 and be worth approximately £29.5 billion by 2027. The industry's contribution to the UK's Levelling Up Agenda is also significant, with almost 80% of those working in the sector employed outside of London. To support the sector's growth, it is crucial that more is done to address funding challenges, particularly for start-ups, and to tackle the 'acute skills crisis' by retaining experienced talent and offering support for junior staff. Initiatives like the Kickstart Scheme, which covered employment costs for six months, are vital in helping the industry to develop valuable, transferable skills and create a more stable workforce. As the Scottish Games Week symposium explores the education pipeline in Scotland, it is essential to adopt lessons from the Scottish games sector more widely across the UK and beyond.