In time the governments should realize that. Video game industry is too cut throat and result oriented, but its also massively profitable when done right. CoD Blops 2 currently holds the record for the biggest Entertainment related opening (movies, books, games, music). Its been beating its own record year after year, while the biggest Hollywood blockbusters (DKR, Harry Potter, Hobbit etc) can't come close to beating it.
Currently the video game industry is too deeprooted in the US and Japan, it'll be really good to see UK (and Euro) and Australian governments funding more to develop their video game industries.