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Australian industry welcomes $250m rescue package

“There's a strong desire to see the return of gigs and events”: Australian government pledges a quarter of a billion to get the arts sector back on track

By IQ on 25 Jun 2020

Australian industry welcomes $250m rescue package

The AU$250m package is dedicating to rebuilding Australia's creative industries


image © Pixabay

The Australian government has dedicated AU$250 million (€153.3m) to help rebuild the country’s entertainment and arts sector over the next year, as it commits to presenting a clear timetable for reopening.

The country’s creative industries joins those in Germany (€1 billion) and New Zealand ($175m/€100m) to receive significant funding to boost recovery.

The package includes $75m (€46m) for a competitive grants programme – with individual grants of up to $2m (€1.2m) – to provide capital for new festivals, concerts, tours and events, and $90m (€55.2m) in concessional show starter loans – backed with a 100% state guarantee – to assist businesses to fund new productions and events that stimulate job creation and economic activity.

A further $35m (€21.5m) will be used to provide direct support to Commonwealth-funded arts and culture organisations facing threats to financial viability, including those in theatre, dance, music and circus.

The final $50m (€30.7m) is dedicated to supporting film and television producers.

“We welcome the government’s support for both the live entertainment and live sport sectors as we push ahead with these plans”

The government has also committed to establishing a creative economy taskforce to implement a JobMaker plan for the creative economy, as well as working to give the entertainment industry greater certainty about the timetable for restarting business.

Although the funding is over $105m (€64.4m) short of the relief package previously drawn up by Live Performance Australia (LPA), industry organisations have widely welcomed the government’s support, with the LPA calling it a “significant outcome” for the industry.

The recently formed Live Entertainment Industry Forum (LEIF), which comprises Australia’s leading promoters Live Nation, TEG, Frontier Touring, Chugg Entertainment and AEG, as well as WME agency, major venues and operators, and a number of industry organisations, thanks the prime minister “for recognising the serious business of entertainment that employs hundreds of thousands of jobs and makes a significant contribution to the Australian way of life.”

LEIF chair James Sutherland adds the forum is working with health authorities to develop “nationally approved high-level principles for a safe return to live entertainment and sport at large venues”.

“Through this unprecedented collaboration across live entertainment and sport we are committed to delivering COVIDSafe live events and sport. We welcome the government’s support for both the live entertainment and live sport sectors as we push ahead with these plans.”

“I know there’s a strong desire among all Australians to see the return of gigs, performances and events”

LPA CEO Evelyn Richardson says the measures “reflect our industry’s unique characteristics and the challenges it faces”, as well as recognising “the significant economic contribution that our commercial sector makes to Australia’s economic and cultural well-being.”

According to Australian prime minister Scott Morrison, the package is designed to support “a broad range of jobs from performers, artists and roadies, to front of house staff and many who work behind the scenes, while assisting related parts of the broader economy, such as tourism and hospitality.”

“Many in the sector will find a new way to operate while the current social distancing measures remain in place,” says Morrisson, “and while that won’t be easy I know there’s a strong desire among all Australians to see the return of gigs, performances and events.”

In step three of Australia’s recovery roadmap, which individuals states can choose to activate from the start of next month, seated and ticketed outdoor venues of up to 40,000 people can hold up to 25% capacity, with larger venues limited to 10,000 people.

Indoor venues will no longer have a capacity limit, but must ensure there is enough space for four square metres per person.

Night clubs and “high-risk outdoor events”, such as unseated music festivals, are to remain closed.

 


This article forms part of IQ’s Covid-19 resource centre – a knowledge hub of essential guidance and updating resources for uncertain times.

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