Together, we have taken action for our events sector!
Further to our last update of 19 June, we had our second meeting yesterday with the Minister for Economic Development, Hon Phil Twyford along with other industry representatives as part of the ‘Event Sector Recovery Roadmap’.
We are relieved to announce that the Government has established a new $10 million fund for the domestic events sector to help save jobs and protect incomes as it recovers from the impacts of COVID-19. Click here to view the Minister's media release.
This funding from Budget 2020 follows talks with NZEA and other events industry representatives designed to develop a joint strategy for the event sector’s survival and growth.
This fund unfortunately won’t save every event, but it aims to support those events that provide the greatest flow-on benefit to regional economies. It has been set up to provide cash-flow within the sector.
To be eligible for the Domestic Events Fund, events must be:
- Existing events that are considered regionally or nationally significant, where support is needed to be able to sustainably re-start or re-scale the event, or
- Where supporting the event will help retain sector-critical event organisers and suppliers for the long-term viability of the industry.
- The fund will open for applications tomorrow on July 3 and will remain open until the full $10 million has been paid out in support of the events industry.
- It will be administered by New Zealand Major Events, who already have responsibility for the existing Major Events Fund and the Creative & Cultural Event Incubator.
- The Major Events team will work with local government to make sure events that receive funding are those that create the greatest impact in supporting regional economies and jobs.
- The Domestic Events Fund targets those events that will not receive support from either the $265 million sports, or arts support announced in Budget 2020 and sits alongside existing support such as the Arts and Cultural incubator funding.
The downloadable application form will be available on the MBIE website tomorrow.
We strongly encourage you to apply to this fund as soon as possible. While this fund will provide some welcome relief to our sector, we are mindful that $10M may be inadequate if that fund is many times oversubscribed.
More from us in the next 48 hours as we find out more about the final process, stay tuned!
Ségolène de Fontenay
General Manager, NZEA