We enjoyed a tremendous response to our last communication regarding Government grants that have been announced to support the Events industry in the National Economic Recovery Plan.
Even more recently, the Business Events Council of Australia (BECA) has worked closely with the Federal Government recommending changes to the Business Events Grant Program to ensure appropriate extension and enhancements are implemented so that there is the appropriate accessibility for all types of businesses.
Changes to the Program announced so far include:
- The minimum grant amount will be reduced to $5,000 (from $10,000)
- Extending the support for events scheduled through to 31 March 2022 to allow events that were postponed early 2021 the opportunity to benefit from the program
- Increasing the number of delegates covered by the grant
- Applications for the grant will be extended to 30 June 2021
BECA’s recent survey of business owners, freelancers and contractors clearly demonstrates just how tough it is for the business events industry and the need for targeted support to ensure the industry does not lose it’s core capacity and capability.
Key findings highlight that:
- 87% of businesses from the events industry accessed the initial JobKeeper program to September 2020, and still
- 85% have accessed it for the continued January to March 2021 period.
- With JobKeeper scheduled to conclude on 28 March, 47% of businesses will likely make more staff redundant, and without further government support, 23% of businesses will likely close.
- 61% of business events businesses saw a 75-100% reduction in turnover for 2020 compared to 2019
Dr Vanessa Findlay, BECA Chair, stated:
“The business events industry is clearly a sector that requires targeted assistance to enable its recovery. Given the challenges we are facing with operating restrictions, border closures, consumer confidence to travel to participate in events and the lead time required to plan and deliver events, our research shows the industry is still 9-12 months away from any significant return to business operations. Targeted support is critical to sustain valuable businesses and event professionals in the interim period as is the timing and implementation of this support.”
Now with grant funding starting from $5,000 per entity per application (stretching up up to a maximum of $250,000) every single business we have partnered with should have reason to apply. The closing date for applications has been extended (30th June, 2021) but is still not far away.
Contact us quickly to find out if your event is on the Schedule of Approved business events, so that we can work with you to get your application submitted urgently.
We are happy to help in any way we can so please contact us if you need assistance of any kind.