The Business Events Council of Australia (BECA) has condemned the Federal Government for both leaving the business events sector without any support following the end of JobKeeper and for failing to allocate funds from the previously announced Business Events Grant Program.
BECA today revealed that only 16% of funds from the $50 million Program have even been earmarked for distribution - echoing the experience of the arts where just 26% of the Federal Government’s June 2020 rescue package has been allocated.
While the arts and cultural sector has had an additional $135 million in support allocated at the end of last week, BECA describing the $50 million Business Events Grant Program as ‘poorly designed’, believing that the Program is misaligned and has not delivered support to the industry in the scale or time frame that is critically needed.
BECA advised that 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.
BECA Chair, Dr Vanessa Findlay explained that the Council’s Government Support and Future Confidence Report also demonstrates the need for ongoing support with 47% of businesses set to make more staff redundant following the end of JobKeeper and 23% of businesses set to close.
Dr Findlay advised “the bottom line is that without additional government support to get business event businesses through the next 6 months, 23% of businesses will be closing their doors and a further 32% are questioning if they have the means to survive. 47% of the businesses that think they will survive will be letting more staff go.
“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.”
30th March 2021 - Save Victorian Events calls for Industry Taskforce
28th March 2021 - Industry sectors set for job losses as JobKeeper ends
26th March 2021 - Just 26% of Federal Government’s June 2020 arts rescue package has been spent
24th March 2021 - Geelong Major Events makes new appointment to ensure safe return of events
23rd March 2021 - Business Events Australia launches industry toolkit to support event recovery
20th March 2021 - AMPSEA heads to Canberra to present need for stimulus package for mass participation events
19th March 2021 - Event industry suppliers circle Victorian Parliament in protest at lack of state government support
12th March 2021 - No relief for events and venues in Federal Government’s post JobKeeper package
10th March 2021 - Federal Government set to subsidise flights in tourism support package to replace JobKeeper
8th March 2021 - Australian Regional Events Alliance looks to support events industry
8th March 2021 - Australian Festival Industry Conference to return as a live event
25th February 2021 - EEAA takes International Women’s Day 2021 event online and explores the Choose to Challenge theme
24th February 2021 - University of South Australia study indicates emerging opportunities for event industry to help disadvantaged
22nd February 2021 - Live Performance Australia calls for targeted JobSaver action to prevent further collapse of the arts and entertainment industry
17th February 2021 - VTIC fear loss of jobs in Victoria tourism and events without further support
14th February 2021 - ASM Global’s Harvey Lister looks to ‘full revival’ of live events in 2022
11th February 2021 - Tourism Australia launches new campaign to boost business events across Australia
6th November 2020 - Tourism Australia’s Business Events Boost Program awards 86 successful applicants
16th October 2020 - EEAA Young Stars to host virtual exchange on key challenges facing young members of business events community
11th September 2020 - Australian business events industry welcomes $50 million funding announcement
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