NESTA has just issued a Raise The Game report (for which the heavy-lifting seems to be by Games Investor Consulting). The report makes the case that the British videogames industry revenues will slip down world rankings, from 3rd to 5th place in 2009, unless the government/taxpayer gives the same sort of support the British film industry has enjoyed (usually with dismal results) for decades. Indeed, without the massive hit Grand Theft Auto IV the UK would already be slipping down the world rankings…

“The generous tax breaks on offer from other countries [Canada, France] are resulting in a mass exodus of some of the best talent in the UK. In order to put a halt to this, the UK needs to wake up to the value in this sector and beat these foreign incentives with our own supportive measures.”

It’s perhaps ironic that the government feels it can spend billions of taxpayer’s money to bail out tired old industries, but not a penny to support new ones like videogames.