BFI Screen Business - Revision history

UkieLuke: Updated missing cover image

2019-01-24T15:13:46Z

Updated missing cover image

UkieLuke: /* Whole UK Games Industry Findings */ Corrected typo in total employment number

2019-01-07T16:12:01Z

‎Whole UK Games Industry Findings: Corrected typo in total employment number

UkieLuke: /* Overview */ Updated overview and split out methodology

2018-12-10T20:50:43Z

‎Overview: Updated overview and split out methodology

UkieLuke: /* Overview */ Added link to original report

2018-12-10T20:32:25Z

‎Overview: Added link to original report

UkieLuke: /* Overview */

2018-12-10T17:29:35Z

‎Overview

UkieLuke: /* GVA Contribution */

2018-12-10T17:28:30Z

‎GVA Contribution

UkieLuke: /* Employment */

2018-12-10T17:28:07Z

‎Employment

UkieLuke: /* Whole UK Games Industry Findings */ Added totals to the GVA and employment tables

2018-12-10T17:27:36Z

‎Whole UK Games Industry Findings: Added totals to the GVA and employment tables

UkieLuke: /* VGTR Findings */ Added tables of FTEs and GVA

2018-12-10T17:26:12Z

‎VGTR Findings: Added tables of FTEs and GVA

UkieLuke: Added Initial content

2018-12-10T17:20:10Z

Added Initial content

New page

[[File:BFI Screen Business.PNG|thumb|border|BFI Screen Business]]

== Key findings ==

*In 2016, the UK Games Industry directly employed 20,430 FTEs and contributed £1.52bn in GVA to UK economy

*Including indirect and spillover economic impacts, this rises to 47,620 FTEs and £2.87bn in GVA

*At least £1.75bn of overseas investment into UK games companies in 2015-2017

*£1.25bn spent on game development in the UK in 2016

*£389.9 (31 per cent) of UK expenditure supported by VGTR, 68 per cent of which is additional

*VGTR supported 9,240 UK industry jobs, including 4,320 FTEs directly in game development

*VGTR contributed £294.1m in GVA, rising to £525.0m with indirect and spillover impacts

*Every £1 invested into the games industry via VGTR generated an additional £4.00 in GVA for the UK economy

== Overview ==

Published in October 2018, ‘Screen Business: How tax incentives help power economic growth across the UK’, produced by Olsberg SPI and Nordicity and commissioned by the British Film Institute, investigates the contribution to the economy of the UK screen sector tax reliefs, including the VGTR. It also includes an analysis of the total economic impact of the UK games industry, including detailed assessments of the development, publishing, retail, esports and merchandising subsectors. To ensure the findings were as robust as possible, report is based on 2016 data, which was the most complete and up-to-date data available at the time of publication.

Each economic measure within the report is broken down into the following standard sub-measures:

*'''Direct Impact''' – The economic impact directly attributable to production, distribution, and consumption undertaken within the sectors covered. In the instance of the games industry, this refers to the economic impacts of the core games development, publishing and retail businesses.

*'''Indirect Impact''' – That which comes from further economic activity that happens because of the direct impacts. In the games industry, this would include any business that supports the the core industry, which includes anything from PR agencies, to middleware providers, to hardware suppliers, to trade associations.

*'''Induced Impact''' – These are the effects resulting from the re-expenditures of households, or employee wages etc. The effects of the wages of the employees in the groups above being spent in the general wider economy.

*'''Spillover Impact''' – Parts of wider industries that occur because of the economic activity in the primary industry. In this report, his refers to the merchandising and esports sectors.

== Whole UK Games Industry Findings ==

The data shows that in 2016, the UK games industry directly employed 20,430 people and contributed £1.52bn in GVA to the UK economy. With indirect economic and spillover impacts included, these numbers rise to show the industry supporting 47,160 jobs and contributing a total of £2.87bn in GVA.

The report shows that with £1.25bn spent on game development in the UK, employment in the sector is at record levels, with 16,140 FTEs directly employed in development and publishing roles, contributing over £1.35bn in GVA. The strength of UK games companies was also demonstrated in the significant inward investment to the industry, with at least £1.75bn of overseas investment throughout 2015-2017.

The ‘Screen Business’ report also shows for the first time the economic contribution of the fast-growing UK esports industry for the first time, showing that in 2016, UK esports provided job roles for 470 FTEs across a sector already generating £18.4m in GVA. The economic contribution of the digital retail sector was also shown for the first time, with 660 FTE positions contributing £49.1m in GVA.

=== Employment ===

{| class="wikitable"
!colspan="5"|Employment in the UK Games Industry (FTEs)
|-
|'''Subsector'''
|'''Direct'''
|'''Indirect'''
|'''Induced'''
|'''Total'''
|-
|Development
|13,840
|7,250
|4,980
|26,070
|-
|Publishing
|2,300
|6,350
|3,790
|12,440
|-
|Digital Retail
|310
|190
|160
|660
|-
|Physical Retail
|3,980
|2,120
|1,110
|7,210
|-
|Merchandising
|770
| -
| -
|770
|-
|Esports
|280
|190
| -
|470
|}

=== GVA Contribution ===

{| class="wikitable"
!colspan="5"|GVA Contribution of the UK Games Industry (£m)
|-
|'''Subsector'''
|'''Direct'''
|'''Indirect'''
|'''Induced'''
|'''Total'''
|-
|Development
|826.0
|369.5
|245.1
|1,440.6
|-
|Publishing
|526.6
|339.2
|186.4
|1,052.2
|-
|Digital Retail
|37.1
|9.8
|7.6
|49.1
|-
|Physical Retail
|132.0
|92.6
|54.7
|279.3
|-
|Merchandising
|34.4
| -
| -
|34.4
|-
|Esports
|16.1
|2.3
| -
|18.4
|}

== VGTR Findings ==

Now supporting £389.9m of UK development spend (or 31 per cent of the total amount spent on development), the Video Games Tax Relief (VGTR) continues to prove itself to be an important economic driver of innovation and cultural creativity. With £45m paid out in relief in 2016, VGTR-supported games provided 9,240 jobs across the industry, including 4,320 FTEs in game development (or 31 per cent of the UK development workforce).

The success of VGTR games directly contributed £294.1m in GVA to the UK economy, rising to £525m including indirect and spillover impacts. The report also shows that without VGTR support, 68 per cent of VGTR-supported games would not have been made in the UK. With £156.0m generated in tax revenue from VGTR-supported games, this means that every £1 invested into the games industry via VGTR generated an additional £4.00 in GVA for the UK economy. Of all the screen sector tax reliefs, VGTR delivered the highest rate of labour productivity in 2016 at £83,800 (compared to the UK average of £62,100).

← Older revision		Revision as of 15:13, 24 January 2019
Line 1:		Line 1:
−	[[File:BFI Screen Business.PNG\|thumb\|border\|BFI Screen Business]]	+	[[File:BFI Screen Business 2018.PNG\|thumb\|border\|BFI Screen Business]]

	== Key findings ==		== Key findings ==

@@ Line 21: / Line 21: @@
 == Overview ==
-Published in October 2018, ‘[https://www.bfi.org.uk/education-research/film-industry-statistics-research/reports/uk-film-economy Screen Business: How tax incentives help power economic growth across the UK]’, produced by Olsberg SPI and Nordicity and commissioned by the British Film Institute, investigates the contribution to the economy of the UK screen sector tax reliefs, including the VGTR. It also includes an analysis of the total economic impact of the UK games industry, including detailed assessments of the development, publishing, retail, esports and merchandising subsectors. To ensure the findings were as robust as possible, report is based on 2016 data, which was the most complete and up-to-date data available at the time of publication.
+Published in October 2018, ‘[https://www.bfi.org.uk/education-research/film-industry-statistics-research/reports/uk-film-economy Screen Business: How tax incentives help power economic growth across the UK]’, produced by Olsberg SPI and Nordicity and commissioned by the British Film Institute, investigates the contribution to the economy of the UK screen sector tax reliefs, including the VGTR. It also includes an analysis of the total economic impact of the UK games industry, including detailed assessments of the development, publishing, retail, esports and merchandising subsectors.
 Each economic measure within the report is broken down into the following standard sub-measures:

← Older revision		Revision as of 17:29, 10 December 2018
Line 32:		Line 32:

	*'''Spillover Impact''' – Parts of wider industries that occur because of the economic activity in the primary industry. In this report, his refers to the merchandising and esports sectors.		*'''Spillover Impact''' – Parts of wider industries that occur because of the economic activity in the primary industry. In this report, his refers to the merchandising and esports sectors.
−

	== Whole UK Games Industry Findings ==		== Whole UK Games Industry Findings ==

@@ Line 41: / Line 41: @@
 == Whole UK Games Industry Findings ==
-The data shows that in 2016, the UK games industry directly employed 20,430 people and contributed £1.52bn in GVA to the UK economy. With indirect economic and spillover impacts included, these numbers rise to show the industry supporting 47,160 jobs and contributing a total of £2.87bn in GVA.
+The data shows that in 2016, the UK games industry directly employed 20,430 people and contributed £1.52bn in GVA to the UK economy. With indirect economic and spillover impacts included, these numbers rise to show the industry supporting 47,620 jobs and contributing a total of £2.87bn in GVA.
 The report shows that with £1.25bn spent on game development in the UK, employment in the sector is at record levels, with 16,140 FTEs directly employed in development and publishing roles, contributing over £1.35bn in GVA. The strength of UK games companies was also demonstrated in the significant inward investment to the industry, with at least £1.75bn of overseas investment throughout 2015-2017.

@@ Line 213: / Line 213: @@
 {| class="wikitable"
-!colspan="5"|GVA Contribution of the UK Games Industry (£m)
+!colspan="5"|GVA contribution supported by the VGTR of the UK Games Industry (£m)
 |-
 |'''Subsector'''

@@ Line 159: / Line 159: @@
 {| class="wikitable"
-!colspan="5"|Employment in the UK Games Industry (FTEs)
+!colspan="5"|Employment supported by the VGTR in the UK Games Industry (FTEs)
 |-
 |'''Subsector'''

@@ Line 88: / Line 88: @@
 | -
 |470
 |}
@@ Line 136: / Line 142: @@
 | -
 |18.4
 |}
 == VGTR Findings ==

← Older revision		Revision as of 17:26, 10 December 2018
Line 145:		Line 145:

	The success of VGTR games directly contributed £294.1m in GVA to the UK economy, rising to £525m including indirect and spillover impacts. The report also shows that without VGTR support, 68 per cent of VGTR-supported games would not have been made in the UK. With £156.0m generated in tax revenue from VGTR-supported games, this means that every £1 invested into the games industry via VGTR generated an additional £4.00 in GVA for the UK economy. Of all the screen sector tax reliefs, VGTR delivered the highest rate of labour productivity in 2016 at £83,800 (compared to the UK average of £62,100).		The success of VGTR games directly contributed £294.1m in GVA to the UK economy, rising to £525m including indirect and spillover impacts. The report also shows that without VGTR support, 68 per cent of VGTR-supported games would not have been made in the UK. With £156.0m generated in tax revenue from VGTR-supported games, this means that every £1 invested into the games industry via VGTR generated an additional £4.00 in GVA for the UK economy. Of all the screen sector tax reliefs, VGTR delivered the highest rate of labour productivity in 2016 at £83,800 (compared to the UK average of £62,100).
		+
		+	=== Employment ===
		+
		+	{\| class="wikitable"
		+	!colspan="5"\|Employment in the UK Games Industry (FTEs)
		+	\|-
		+	\|'''Subsector'''
		+	\|'''Direct'''
		+	\|'''Indirect'''
		+	\|'''Induced'''
		+	\|'''Total'''
		+	\|-
		+	\|Development
		+	\|4,320
		+	\|2,260
		+	\|1,150
		+	\|8,130
		+	\|-
		+	\|Publishing
		+	\|120
		+	\|340
		+	\|210
		+	\|370
		+	\|-
		+	\|Digital Retail
		+	\|20
		+	\|10
		+	\|10
		+	\|40
		+	\|-
		+	\|Physical Retail
		+	\|180
		+	\|100
		+	\|50
		+	\|330
		+	\|-
		+	\|Merchandising
		+	\|40
		+	\| -
		+	\| -
		+	\|40
		+	\|-
		+	\|Esports
		+	\|20
		+	\|10
		+	\| -
		+	\|30
		+	\|-
		+	\|'''Total'''
		+	\|'''4,700'''
		+	\|'''2,270'''
		+	\|'''1,820'''
		+	\|'''9,240'''
		+	\|}
		+
		+	=== GVA Contribution ===
		+
		+	{\| class="wikitable"
		+	!colspan="5"\|GVA Contribution of the UK Games Industry (£m)
		+	\|-
		+	\|'''Subsector'''
		+	\|'''Direct'''
		+	\|'''Indirect'''
		+	\|'''Induced'''
		+	\|'''Total'''
		+	\|-
		+	\|Development
		+	\|257.7
		+	\|115.3
		+	\|76.5
		+	\|449.5
		+	\|-
		+	\|Publishing
		+	\|28.4
		+	\|18.3
		+	\|10.1
		+	\|56.8
		+	\|-
		+	\|Digital Retail
		+	\|1.8
		+	\|0.6
		+	\|0.4
		+	\|2.8
		+	\|-
		+	\|Physical Retail
		+	\|6.1
		+	\|4.3
		+	\|2.5
		+	\|13.0
		+	\|-
		+	\|Merchandising
		+	\|1.9
		+	\| -
		+	\| -
		+	\|1.9
		+	\|-
		+	\|Esports
		+	\|0.9
		+	\|0.1
		+	\| -
		+	\|1.0
		+	\|-
		+	\|'''Total'''
		+	\|'''296.8'''
		+	\|'''141.6'''
		+	\|'''89.5'''
		+	\|'''525.0'''
		+	\|}