On Tuesday 19 September 2023, NSW Treasurer Daniel Mookhey handed down his first budget, which includes a dramatic $190 million reduction in funding to arts and games development programs in the state.
According to Screen NSW, the following programs are affected by the cuts:
In stark contradiction to this, the Australian Federal Government continues to back the game development sector, evident in the recent introduction of the Digital Games Tax Offset.
These federal incentives bolster both small and large local game projects and foster investment within Australia.
To seize this opportunity and entice game studios, various states across Australia are enhancing their game development funding efforts, recognizing the positive impact a flourishing game development sector can have on a creative and technologically skilled local economy.
Regrettably, NSW is currently moving in the opposite direction. This setback is particularly harsh for small developers in a state already struggling to keep pace with the game development funding initiatives seen in Victoria and Queensland.