The New Zealand Government has established a new $10 million fund for the domestic events sector to help it recover from the Covid-19 shutdown.
“The purpose of the Domestic Events Fund is to stave off the loss of critical events which contribute to regional economies, and that without support may never return,” said New Zealand Minister of Economic Development, Phil Twyford.
“By saving these events, jobs and the income of sector employees, contractors and freelancers will be protected.
“This fund 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.
“On top of this, sector workers have been able to access the Government’s wage subsidy, which has paid out more than $12 billion, and many will benefit directly and indirectly from the $70 million Creative Arts Recovery and Employment Fund to support rebuilding the creative industries, and the $60 million Cultural Innovation Fund to encourage investment and new thinking in the cultural and creative sectors.”
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.
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