Gaming Industry Given £4m Boost

It has been announced that the government will inject £4m into the gaming industry to support budding startup companies.

Named the Video Games Prototype Fund, the scheme is designed to help turn ideas into reality by allowing small companies to make global gaming blockbusters.

The fund will provide grants of up to £24,000 over the next four years to support different projects, and is the latest pledge the government is making to increase the value of the gaming industry in the UK.

The minister for culture and digital economy, Ed Vaizey, said: "Britain's video games punch well above their weight internationally and we need to build on this and invest in the strength of our creativity.

"This fund will give small businesses, start-ups and individuals the support they need to better attract private investment and go on to create the blockbusters of tomorrow."

Currently the UK games industry generates more than £4.5 million a day for the UK economy and directly employs more than 19,000 people.

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