PRIME MINISTER ANNOUNCES $50 MILLION FUNDING FOR EXHIBITIONS AND BUSINESS EVENTS

By Exhibition & Event Association of Australasia, 11 September, 2020


Prime Minister Scott Morrison has confirmed $50 million in support for Australia’s business events industry. This news confirms the Government’s recognition of the critical role that exhibitions and business events play in rebuilding the Australian economy.

The new Australian Business Events Grants Program will see organisers of meetings, conventions, incentive and exhibitions able to apply for upfront grants to cover up to 50% of their costs (between $10,000 and $250,000).

The EEAA has worked extensively with BECA to facilitate this result and we are now in a much stronger position to commence rebuilding business confidence and injecting much-needed cash flow through the supply chain.

The EEAA will continue to work closely with BECA on the design and implementation of the Australian Business Events Grants Program.

The funding is part of the Government’s $1 billion COVID-19 Relief and Recovery Fund which supports sectors severely impacted by the pandemic.

We are also consulting closely with BECA and ACCI for clear guidelines on state and territory border reopenings, to provide predictability and transparency in the way borders are being managed so businesses can forward plan and book their next business event.

This is very welcome news for the industry and we are truly appreciative of this assistance extended by Government.

Read the media release here

Source: Exhibition & Event Association of Australasia