28 March 2018
Mayor of London Sadiq Khan today committed a further £1.2m to Games London in support of the capital’s burgeoning games industry. The funding from the Greater London Authority guarantees a three-year programme of events and activities – including the annual London Games Festival – committed to generating revenue, supporting businesses, creating jobs and boosting skills and training.
The global games industry is worth over £100 billion per annum and the UK is the 5th largest video games market in terms of consumer revenues. UK games sales in 2017 generated a record £3.35bn, increasing 9.6 per cent on the previous year, and there are more games companies in London than anywhere else in the UK.
Games London is a partnership between the capital’s screen industries agency Film London and games trade body Ukie and the renewed three-year programme will include:
The London Games Festival, showcasing the industry’s cultural and economic impact International networking events to attract top investment to the UK Trade missions to promote the UK’s Video Games Tax Relief and talent in the sector A range of training and skills initiatives
These activities are set to generate over £35m for games businesses and 270 full time jobs.