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Sydney business events industry gets multi-million-dollar lifeline
The NSW Government’s Covid-19 Economic Recovery Plan will help rebuild business confidence and reinvigorate event organisers, according to the state’s global bidding specialists BESydney.
Of the more than $530 million support package, $6 million goes to business events, conferences and conventions across Greater Sydney, Newcastle and Wollongong.
The recovery package is designed to encourage people back into the Sydney CBD and support industry suppliers.
The package also includes an Event Saver Fund to provide immediate support to organisers if events are cancelled or disrupted by any Public Health Orders during the 2021-22 summer, and $60 million for an Aviation Attraction Fund to incentivise international airlines to recommence flights to Sydney.
Minister for Jobs, Investment, Tourism and Western Sydney, Stuart Ayres said the much-needed investment will help revive businesses and bring tourism providers back.
"This funding recognises the sustained impacts from the pandemic, which severely damaged our tourism industry and put significant strain on businesses and staff."
"For our once thriving business visitor economy to reach its full potential we need caps to be lifted, delegates able to fly in, and staff attracted back to our hospitality and event venues.
BESydney CEO Lyn Lewis-Smith said the funding announcement was a great outcome for Sydney’s business events industry which has the lion’s share of the events market.
"With restrictions continuing to ease, Sydney is coming back to life and the funding will continue the positive momentum that we are starting to see," Lewis-Smith said.
BESydney says there are 98 events secured through to 2029 with a combined estimated direct expenditure of $524 million.
BESydney will administer the funding program in conjunction with Destination NSW, on behalf of the NSW Government.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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Sydney business events industry gets multi-million-dollar lifeline – Support
The NSW Government’s Covid-19 Economic Recovery Plan will help rebuild business confidence and reinvigorate event organisers, according to the state’s global bidding specialists BESydney.
Of the more than $530 million support package, $6 million goes to business events, conferences and conventions across Greater Sydney, Newcastle and Wollongong.
The recovery package is designed to encourage people back into the Sydney CBD and support industry suppliers.
The package also includes an Event Saver Fund to provide immediate support to organisers if events are cancelled or disrupted by any Public Health Orders during the 2021-22 summer, and $60 million for an Aviation Attraction Fund to incentivise international airlines to recommence flights to Sydney.
Minister for Jobs, Investment, Tourism and Western Sydney, Stuart Ayres said the much-needed investment will help revive businesses and bring tourism providers back.
"This funding recognises the sustained impacts from the pandemic, which severely damaged our tourism industry and put significant strain on businesses and staff."
"For our once thriving business visitor economy to reach its full potential we need caps to be lifted, delegates able to fly in, and staff attracted back to our hospitality and event venues.
BESydney CEO Lyn Lewis-Smith said the funding announcement was a great outcome for Sydney’s business events industry which has the lion’s share of the events market.
"With restrictions continuing to ease, Sydney is coming back to life and the funding will continue the positive momentum that we are starting to see," Lewis-Smith said.
BESydney says there are 98 events secured through to 2029 with a combined estimated direct expenditure of $524 million.
BESydney will administer the funding program in conjunction with Destination NSW, on behalf of the NSW Government.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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