With strict international travel bans and border closures, the Queensland tourism industry has been suffering more than most since COVID-19.
The Queensland Government is offering a $5 million COVID-19 International Tourism Adaptation Grant, a key element of the Queensland Economic Recovery Strategy: Unite and Recover for Queensland Jobs to help accelerate the State’s recovery from COVID-19. The program will assist Queensland tourism businesses to pivot to a domestic market or hibernate until international markets reopen.
This funding boost aims to support regional Queensland tourism businesses that have suffered losses of income because of the international travel restrictions as a result of the COVID-19 pandemic. The tourism business headquarters must be located in Queensland and primarily operate outside the Greater Brisbane Area of Brisbane City Council, Redlands City Council, Logan City Council, Ipswich City Council and Moreton Bay Regional Council boundaries.
Grants from a minimum of $2,000 to a maximum of $10,000 (excluding GST) are available to tourism businesses in regional Queensland who can demonstrate they have suffered losses of income because of the international travel restrictions.
The key objectives of the COVID-19 International Tourism Adaptation Grant program are to assist tourism businesses to:
- pivot their product, service and/or marketing to a domestic tourism market
- meet operating costs while the business hibernates until international markets reopen.
Applications opened on Friday, 2 October 2020. The program will close once all funding has been allocated.
To apply visit the QRIDA application portal.
If you have any questions or would like to organise a meeting with an Accountant please, contact us.
Disclaimer: The information contained in this news post is general in nature and is intended to provide a general summary only and should not be relied on as a substitute for professional advice.
Information Sourced from Queensland Government