Federal government announces $250 million creative support package
The federal government has announced a $250 million package to support the cultural and creative industries following the Covid-19 pandemic.
The support comprises four components: $75 million in grants of between $75,000 and $2 million for production and event businesses to put on festivals, concerts and other events; $90 million in Commonwealth-guaranteed concessional bank loans to fund new productions and events; $50 million in grants to help local film and television producers secure finance and restart filming and production; and $35 million in grants to Commonwealth-funded arts and culture organisations facing threats to their viability.
The Australia Council welcomed the government’s announcement of the support package for the cultural and creative industries.
‘This is a welcome investment in some of the industries hardest hit by the impacts of Covid-19,’ said CEO Adrian Collette. ‘This is welcome and much needed support for the creative industry that has been devastated by the necessary restrictions on public gatherings.’
Collette will join a new creative economy taskforce that will advise government on the investments within the support package.
Category: Local news