On 11 September 2020, the Australian Government announced it would fund a $50 million grant program intended to help restart the business events sector. This program is funded under the $1 billion Relief and Recovery Fund which is providing assistance to sectors, regions and communities disproportionately affected by the economic impacts of COVID-19.
This initiative will empower the business events sector which, due to COVID-19, has seen the cancellation of events contributing to a near 100 per cent loss of revenue.
It will instill confidence back into the sector and support the broader business community by stimulating high value, multi-day business to business events across multiple sectors of the economy.
Businesses will be encouraged to attend events, trade shows and conferences within Australia through grants to help cover the costs associated with exhibiting such as the hire of exhibition spaces, the design and manufacture of displays, travel and accommodation.
• B2B events only
• Multi-day events only
• Must have been held previously
• 100+ participants in metro locations, no minimum in regional locations
There are two key Phases involved in the Business Events Grants program:
Phase 1: Schedule of Approved Business Events
An expression of interest (EOI) for event owners to apply to have their event included on the Schedule of Approved Business Events. There is no funding linked to the EOI process. Event owners included on the Schedule may be eligible for funding, under the Business Events Grants program, if they meet the eligibility and co-contribution requirements. (applications re-open soon)
Phase 2: The Business Events Grants program (opened 4 January 2021)
The Business Events Grants program will support Australian businesses by providing grants between $5,000 and $250,000. Grant funding will cover up to 50 percent of costs incurred in participating at pre-approved business to business events as buyers or sellers during the 2021 calendar year and up to 31 March 2022.
List of priority sectors
Most events on the Schedule of Approved Business Events align with one or more of the priority sectors below. Businesses applying for a grant will also need to demonstrate alignment with a priority sector and that the sector benefits from attendance and participation in the event.
The priority sectors are:
- Food and agribusiness
- Oil and gas
- Medical products
- Clean energy
- Plastics and waste recycling
- Enabling digital technologies
What’s the benefit of having my event including on the Schedule?
- The program will support businesses to attend B2B events as buyers or sellers by providing them with grants that meet up to 50 per cent of costs incurred in participating at events.
What if my event has to be cancelled due to COVID-19?
- If an event is cancelled due to COVID-19, then the grant will be used to fund the non-refundable costs up to the value of the grant.
When is the deadline for delegates to apply for a Business Event Grant?
- 30 June 2021
Are you interested in this grant but don’t have the time to apply?
- Skyline offers Project Management services for a small fee to help you apply and fulfil the submission requirements. Get in touch with our Project Management team today.
Key Documents such as grant opportunity guidelines and eligible expenditure factsheet.
Need help with your application or want to know if this is right for you?
Speak to the team at Skyline today by filling out the form below: