Britain Brexit Video Games Industry 1

Britain remains in flux following last year's European Union referendum, and that impacts all industries – including the video games sector. Already challenged due to rising costs and attractive international tax breaks, we've seen many UK developers shut up shop in recent years, with Sony's own Guerrilla Cambridge being a recent casualty. But could Brexit be the final nail in the coffin?

Trade body UKIE has been looking into the impact that last year's vote has had, and while it's still far too early to determine anything, it did reveal one concerning statistic: 40 per cent of the 75 games businesses that it spoke to are currently considering relocating some or all of its operations overseas – and 23 per cent of those have already been contacted by other countries.

While a larger 50 per cent committed to staying put, it's still a worrying statistic. It's no surprise, though: 57 per cent of the organisations polled currently employ workers from across the EU, and 38 per cent believe that the results of the referendum are already having a direct negative impact on their ability to recruit talent.

Fortunately, 63 per cent of the participating businesses still expect to see growth in 2017, though this number is down from 80 per cent prior to the referendum. All in all, while the sky certainly isn't falling, the results of UKIE's research appear to paint a somewhat uncertain picture for the British games industry. But then that pretty much applies to the entire country right now, doesn't it?

[source ukie.org.uk]