UK development studio closures fell 30% in 2014

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The number of UK game studio closures fell by 30 per cent in 2014 compared to 2013, according to new research from TIGA.

Its findings revealed that there were 75 closures last year, compared to 107 during the year prior.

The number of start-ups has fallen however. 99 games companies were started in 2014 versus 224 new companies in 2013, a decline of 55 per cent.

Despite the falling number of start-ups, game studio headcount increased by ten per cent last year. This was due to the proportion of companies with 15 or more staff rising to 27 per cent. The UK remains dominated by micro studios of one to four staff.

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