News
SUPPORT PACKAGE A GAME CHANGER FOR ECONOMIC RECOVERY
A $500 million support package to revive the events and tourism industry across NSW will be a game changer that will turbo charge a post COVID economic recovery, according to Business NSW.
Premier Dominic Perrottet has announced the package, which includes each adult being provided a $50 voucher to spend on accommodation anywhere in the State.
“Business NSW has been telling Government since the start of the pandemic that different industries were being impacted in different ways, but the tourism, hospitality and events sector has been the hardest hit,” said Business NSW Chief Executive Daniel Hunter.
“What is particularly pleasing is this is not a Sydney centric package but recognises that all of NSW has a part to play in the economic recovery through regional events and tourism, with support for satellite CBD’s a cornerstone of this funding,” Mr Hunter said.
“Business will be delighted with the Event Saver Fund which allows for immediate financial support for organisers of events that are disrupted or cancelled due to a Public Health Order this summer. This will allow confidence in investment and employment without a fear of being left footing a huge bill.
“The exciting part about this support package is that it will actually encourage more business investment and drive a collaborative partnership between business and Government in securing events and once again making NSW the number one destination in the Asia Pacific region for both business and travel.
“What is crucial is the targeted approach the Government takes from here in deciding where the money is spent – this needs to be on a needs-based approach to ensure maximum return on investment.
“A united approach using insight from stakeholders on the ground will be crucial to ensuring this package delivers for all of NSW.
“Business NSW looks forward to working with the State Government in coming weeks on measures and support that will drive more formal return to work practices further enhancing the economic stability of our CBD’s,” Mr Hunter said.
Full details of the package:
- $250 million for the expanded Stay & Rediscover scheme providing a $50 voucher to all NSW adults to redeem at accommodation premises across NSW
- $150 million to support the recovery of major event activity across the state including $50 million for a Regional Events Package to support major events, festivals, agricultural shows and community events across the regions
- $60 million for an Aviation Attraction Fund to incentivise international airlines to re-commence flights to Sydney
- $6 million to bring business events back to the city
- $50 million for the CBDs Revitalisation Program to support events and activations in CBDs across Greater Sydney and surrounds
- An Event Saver Fund to provide immediate support to organisers if events are cancelled or disrupted by any public health orders during the 2021-22 summer
- $25 million for the Festival Relaunch package – to stabilise established commercial and not-for-profit festivals, big and small, so they can program with confidence into 2022/23
- $10 million for a Recovery Marketing Campaign including an extension of the successful roadtrips campaign launched in 2020.
