A $400 million Tourism Recovery Package was announced at Budget 2020, and with today’s announcements is now fully allocated. The $311 million of funding announced today includes a mixture of grants of up to $500,000, and loans to support the industry through the uncertainties brought by COVID-19.
The package includes:
– Over $230 million in grants and loans for 126 strategic tourism businesses, that could help protect the jobs of around 3,000 people directly employed in the industry.
– $50 million for a Regional Events Fund.
– $20 million inbound tour operator loan scheme.
– $10 million to lift digital capability in the sector.