On 11 September 2020 the Australian Government announced it would provide $50 million to create the Business Events Grants Program. This assistance is part of 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.
Business events demonstrate Australia’s capabilities; they make a significant contribution to the tourism industry; and they develop trade and investment relationships. They play an important role in connecting industry leaders and accelerating innovation through the exchange of information and ideas. They are also a significant platform to attract foreign investment and talent flows to Australia.
The Business Events Grants Program will complement Tourism Australia’s business events programs.