UK Games Industry to Receive Dedicated SIC Codes

UK Games Industry to Receive Dedicated SIC Codes

The UK games industry is set to receive dedicated Standard Industrial Classification (SIC) codes for game development and publishing. This change will allow for more accurate analysis and more targeted support for the sector.

What was Announced

The inclusion of specific SIC codes for game development and publishing in the UK represents an important milestone for the formal recognition of the industry as a distinct economic sector. Previously, game companies were classified under broader categories, which made it difficult to accurately assess their impact and specific needs.

Relevance for Devs

The allocation of dedicated SIC codes will benefit game developers in several ways:

• Better data collection: The data collected under the new SIC codes will provide a clearer view of the size and importance of the games industry, which can help attract investment and government support.
• More targeted policies: With more accurate data, the government will be able to develop more effective support policies and programs for the games industry.
• International comparability: Dedicated SIC codes will allow for easier comparison of the UK games industry with other countries.

Impact

The introduction of dedicated SIC codes is expected to have a significant positive impact on the UK games industry, facilitating strategic planning, access to funding, and the development of support policies.

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