Is the UK finally waking up to the power of video games?
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The UK video game industry is worth £8.76bn, but has faced uncertainty and lack of investment; the government has announced a £28.5m fund to support video game studios.
The UK's video game industry is valued at £8.76bn, with a 7.4% increase from the previous year. Despite its cultural and economic contributions, the industry has faced uncertainty and a lack of investment. Thousands of developers have lost jobs and studios have closed globally. The UK government has announced a £28.5m games fund to support video game studios, offering grants of £20,000 for new companies and up to £250,000 for those looking to expand. This move is part of the Creative Industries Sector Plan, which also includes £75m of grants for TV and film productions. The funding is seen as a positive step by indie developers, who are used to working with smaller budgets.
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