The Business Events Council of Australia (BECA) has called out the Morrison Government for leaving the business events sector without any support following the end of JobKeeper.
Describing the $50 million Business Events Grant Program as ‘poorly designed’, BECA says the program is misaligned and has not delivered support to the industry in the scale or time frame that is critically needed.
After more than six months, only $8 million of the $50 million has been ear marked for distribution to grant recipients highlighting just how poor this program is, BECA says.
BECA’s Government Support and Future Confidence Report demonstrates the need for ongoing support with 47 per cent of businesses set to make more staff redundant following the end of JobKeeper and 23 per cent of businesses set to close.
“The bottom line is that without additional government support to get business event businesses through the next 6 months, 23 per cent of businesses will be closing their doors and a further 32 per cent are questioning if they have the means to survive. Forty seven percent of the businesses that think they will survive will be letting more staff go,” said Dr Vanessa Findlay, Chair of BECA.
“The Business Events Grant Program is simply not sufficient nor effective enough to bring the support desperately needed. We will not only see more job losses and business failures in the short term but also long-term ramifications for the economic potential of the industry. We will lose market share to other countries that may never return.
“Indicators for a return to in-person business events in the next six months are looking good but we need to survive now to make it there. To do that we need additional targeted Government support. BECA will continue its engagement with Government towards achieving these critical outcomes.”