Queensland’s major tourism and hospitality businesses will benefit from $70 million in joint federal and state grants.
Under the agreed package, $30 million from the State and Federal Governments $600 million support package will be targeted at supporting Queensland’s iconic tourism attractions and $40 million will be used to provide a second round of grants to small, medium and large employing tourism and hospitality businesses across the state that received an initial grant from the Tourism and Hospitality Sector Hardship Program.
Grants of up to $4 million will be available to ensure that major tourism enterprises remain viable and are ready to scale up as visitation returns.
A second round of grants of $15,000, $25,000 and $50,000 will be available for small, medium and large employing businesses across the state that have experienced a reduction in turnover of at least 70 per cent for at least seven consecutive days between 1 July and 30 September.
“Our borders are also open to tourists from South Australia, Western Australia, Tasmania and the Northern Territory,” said Queensland Treasurer Cameron Dick.
“However, with international border closures, and markets from New South Wales and Victoria closed off due to the ongoing COVID outbreaks, our tourism industry continues to suffer impacts from the pandemic.”
Federal Treasurer Josh Frydenberg said this package comes on top of the Morrison Government’s more than $30.2 billion in direct economic support to Queensland households and businesses since the start of the pandemic.
“The Morrison Government understands the significant impact lockdowns and border closures have had on business, but especially on those in the tourism sector in Queensland,” he said.
“This key funding is a part of our joint $600 million commitment with the Queensland Government, for small and medium sized businesses.
“A successful, growing and vibrant Queensland tourism industry depends on all Australians doing the right thing and getting vaccinated.
“Governments must also hold up their end of the bargain and stick to the plan agreed at National Cabinet that will see restrictions ease and our borders open up as we reach our vaccination targets of 70 to 80 per cent.”
Federal Minister Tourism Dan Tehan said the “best thing we can do for our tourism businesses is to get tourists back spending money.”
“The Morrison Government’s investment will provide financial support to these iconic Queensland tourism businesses to help ensure the industry is ready to rebound as our nation eases restrictions as our vaccination rates hit key milestones,” he said.