Tourism Funding Initiatives
The Queensland Government has announced the second phase of the Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs and the $25 million Growing Tourism Infrastructure (GTI) Fund is accepting project registrations to fast-track new and enhanced tourism infrastructure projects.
The Queensland Economic Strategy has further direct and indirect measures to support the tourism sector. These included:
- Tourism: $15 million in funding for airline route support to further encourage domestic tourism.
- $8.93 million works and jobs boost to provide visitor infrastructure upgrades and enhancements to re-energise nature-based tourism.
- Small Business: An additional $100 million in funding for the Small Business COVID-19 Adaption Grant Program, with grants of up to $10,000 to be divided equally amongst regional Queensland and south-east Queensland.
- Arts and Culture: A $22.5 million package to help support the recovery of the arts and culture sector, including $11.3 million to offset revenue losses in music and performing arts venues.
The overarching announcement around the new initiatives can be found here. Media Statement – next phase of economic recovery announced.
The $25 million Growing Tourism Infrastructure (GTI) Fund is accepting project registrations to fast-track new and enhanced tourism infrastructure projects.
To be considered under this Fund projects must meet all the following key priorities:
- create new jobs in construction and ongoing operational phases;
- be shovel ready (i.e. commence construction within two to three months of approval and be fully completed by 30 June 2022);
- build sustainable new and improved infrastructure and products that enhance the tourism experience;
- increase overnight visitor numbers and expenditure; and
- deliver regional economic benefits.
[TTNQ Fortnightly Pulse article – 24 June 2020]