Growth of Scotland’s Video Games Industry ‘Could Outpace Oil and Gas Boom’
October 21, 2015
A parliamentary committee has been told that the pace of growth within Scotland’s video games industry could outpace that seen within the country’s oil and gas sector.
Indeed, Chris Van Der Kuyl, an entrepreneur working in the video games industry, claimed during a recent hearing in Dundee on the subject of creative industries in Scotland that growth in his field could “make North Sea oil look like a drop in the ocean”.
Van Der Kuyl, whose company 4J Games has won awards for making the game Minecraft playable on Microsoft’s Xbox console, insisted that the potential for expansion in creative industries across Scotland is “huge”.
“We’re living in a time where the pace of change has never been faster, and nowhere more so than in our sector,” he said.
“The increased rate of change in things like virtual reality and augmented reality, which is just around the corner now, means the growth potential for this industry is not five or 10 per cent a year, it’s hundreds of percent.”
However, Van Der Kuyl went on to say that growth in the video games arena and other creative industries depends on the development of robust support structures and appropriate public investment.
“If there was ever a time to get serious about this industry, this is it – if we let this opportunity pass by, others will take it and Scotland will languish,” he said.
During the same hearing in Dundee, Dr Jo Twist from the Association for UK Interactive Entertainment called on Scottish policymakers to ensure that computer science is taught in schools to a much greater extent than is currently the case.
“We must be able to continue to attract overseas talent while we are fixing our own homegrown talent pipeline, in order to remain internationally competitive,” she said.
Scottish companies have a strong history of developing ground-breaking computer games, with titles such as Lemmings, Tomb Raider and Grand Theft Auto all having been developed by Scotland-based businesses over the course of the past 30 years.
Your personal credit score plays an important part in securing new loans and credit, and can affect your financial life for better or worse. Lenders use the information in your credit file to determine whether you present a high risk of default, and if your credit score is low, you may find it difficult to […]
Credit unions offer a range of financial products including current accounts, savings accounts, and loans, and can be a good alternative to banks and building societies whilst also helping your cash flow. There are credit unions all around the UK, almost 100 of them operating in Scotland. They’re not always widely advertised, however, and although […]
It’s a worrying situation when you realise your outgoings exceed your income, and it can be difficult to prevent debt in this situation, but there are solid steps you can take to get back on track – you just need to act quickly. Increasing your income or reducing the money going out are essentially what […]
If you’ve lost your job, state benefits and tax credits can provide vital financial support to see you through this tough time and help you avoid taking on too much debt while you look for more work. As far as your old employment is concerned, it’s important that you check your final wage slip to […]
If you are a Scottish resident in financial difficulty, you may have entered into a Trust Deed in order to restructure debt repayments to creditors. A Trust Deed is a fixed voluntary agreement made between the debtor and creditor, with the help of a trustee. Debt is broken down into smaller, affordable instalments, typically lasting […]
A Debt Arrangement Scheme (DAS) is a government backed scheme which allows you to repay debt through contractual, monthly instalments without the threat of legal action and incurring penalties or interest. The scheme was established in 2004 for Scottish residents in debt, providing an alternative solution to sequestration, the Scottish equivalent of bankruptcy. A Debt […]