The Australian Government has recently came up with a new program as an effort to further support industries that have been negatively impacted by the COVID-19 pandemic. The subject program is the Business Events Grant Program.
1. What is Business Events Grant program?
The Business Events Grant program aims to support the event industry including the tourism sector to fund Australian businesses to participate as buyers or sellers at pre-approved business events including exhibitions, conferences and conventions from 1 January 2021 to 31 December 2021. It aims to ease the financial pressure for business event organisers and to incentivise Australian business to participate as buyers/sellers at pre-approved events.
Funding is to support the sustainability of events in government priority areas and to cover the cancellation costs that may occur to planned events due to COVID-19 outbreaks.
The objective of the program is to :
- support delegates that are buying or selling to participate in ‘business events’. Business events includes exhibitions, conferences, and conventions
- promote Australian businesses, including to a domestic audience.
The focus of the program is to support the promotion of Australian business capability, including to a domestic audience, bolster supply chain resilience, enhance industry match making opportunities and Australian product and service value add. Events will need to have a trade element that brings together buyers and sellers.
2. What are the program details?
Application due date : 30 Mar 2021 05:00 PM AEDT.
Note : The closing date for grant applications (Phase 2) will be extended to 30 June 2021.
Application detail : This program is demand driven and will be open until all funding has been allocated.
What do you get ?
Grant funding from $5,000 per entity per application up to a maximum of $250,000.
Who is this for ?
Australian businesses including sole traders.
3. What are the eligibility criteria?
To be eligible you must have an ABN and be one of the following entities:
- an individual (sole trader)
- a partnership
- a company, incorporated in Australia
- an incorporated trustee on behalf of a trust
- an Industry Association promoting the selling or buying of a product or service on behalf of its members.
4. What are the additional eligibility requirements?
According to the official additional eligibility requirements ruled out by the Australian Government, applicants will also need to fulfil the following criteria to be eligible for the application :
- you intend to register to attend one or more of the events on the Schedule of Approved Business Events
- your attendance at an approved event will assist your business to do one or more of the following:
= develop your marketplace diversification (particularly to the domestic market)
= improve supply chain value and resilience for the Australian economy
= enhance your ability to pivot to new markets
= support Australia’s regional economy
- your business aligns with a government priority sector and the sector benefits from your attendance and participation in the event
- you have a minimum of $20,000 in total eligible project expenditure
- you can provide evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported, and that you can complete the project and meet the costs of the project not covered by grant funding.
5. What are the government priority sectors?
- Mining
- Food and agribusiness
- Oil and gas
- Medical products
- Clean energy
- Plastics and waste recycling
- Defence
- Space
- Enabling digital technologies
- Tourism
- Design
- Fashion
- Media
6. How to apply?
Applicants should read the grant opportunity guidelines and sample grant agreement before you apply.
More details about the NSW Business Events Grant program can be found here.
To apply, you must also submit your application through the online portal. You’ll need to set up an account when you first log into the portal. The portal allows you to apply for and manage a grant or service in a secure online environment.
If you need any assistance with the NSW Business Events Grant application, please feel free to contact us at :
I H Professionals & Co Pty Ltd
Level 17, 9 Castlereagh Street SYDNEY NSW 2000
Email: info@ihprofessionals.com.au
Tel: 02 8041 8276
Comentarios