The Australian Labor party will reinstate a $25 million Interactive Games Fund should it take power following this week’s election.
The Federal Labor party released a statement ahead of the country’s national election this Saturday, calling for Australia’s “world-class” creatives to receive the support they deserve. It bemoans "six years of Liberal [party] cuts and policy inertia" and pledged to put serious cash behind the games industry down under.
A $20 million fund was scrapped in 2014 by the current Liberal Democrat government. Should it take office this week, Labor vowed to up the budget to $25 million, and push $60 million into TV services ABS and SBS.
It's welcome news for the Australian Interactive Games & Entertainment Association, which released a statement of its own. The IGEA has actively courted politicians to put this fund back together and is ready to work further with the government to pump some life back into the Aussie games sector.
"Australian game developers are creative, talented, resilient and ready to lead and grow the digital revolution," said CEO Ron Curry.
"Should the Labor Party win the election, we are ready to work with them on the re-establishment of the fund to deliver successful outcomes for the industry."