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Optimistic UK games businesses prepare to expand in 2016

The UK video games industry is set to expand in 2016, with a number of games businesses keen to increase investment and bring in new employees.

The UK video games industry is set to expand in 2016, with a number of games businesses keen to increase investment and bring in new employees.

According to the latest Business Opinion Survey conducted by UK trade body TIGA - which contains findings from 52 small, medium, and large video game companies working across all platforms - 60 percent of those asked plan to expand their workforce a little during 2016, while 12 percent are preparing to make a sizeable expansion. 

Just over half of the businesses surveyed explained that they're more optimistic about securing investment over the next year than they were 12 months ago, and two thirds revealed they're expecting net profits to rise in 2016. 

The survey did reveal some concerns as well, with 56 percent of respondents reporting that the cost of running their company will likely increase over the next 12 months. 

As a result of those rising costs, 38 percent of those surveyed expect their prices will increase throughout 2016.

Broadly speaking, however, the UK games industry appears to be in a fine figure of health, with 67 percent of respondents reporting that their company is performing either 'very well' or 'well'.

TIGA CEO, Dr Richard Wilson, believes the growth is bring driven by three key factors: the continued growth of the consumer market, the increasing number and availability of mobile devices, and benefits provided by tax relief.

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