Government adds $ 135 million in stimulus to arts and entertainment sector

An additional $ 125 million, available until December 31, 2021, will go to the Restart Investment to Sustain and Expand (RISE) fund.

The government said RISE funding is provided to arts businesses and organizations in the form of competitive project grants for the cost of setting up activities such as festivals, concerts, tours, productions and events.

He said the stimulus is expected to support around 230 projects and up to 90,000 jobs and builds on an initial commitment of $ 75 million.

The RISE program guidelines will also be updated for:

  • Make it easy for multiple companies and organizations to access the program for putting on a show, including pre-production support. For example, it is common in the music industry for a promoter to work with an artist, their manager, a sound and lighting supplier, and various other parties before a concert or tour.
  • Encourage projects starting as low as $ 25,000.

The government has said it will consult on the wording of the changes before finalizing them.

In addition, the government will also provide an additional $ 10 million to the Charities Support Act in 2020-2021 to help it in its essential work of providing crisis support to artists and other workers in the world. creative sector. This is in addition to the $ 10 million paid into the Support Act last April.

Communications, Urban Infrastructure, Cities and the Arts Minister Paul Fletcher said RISE is helping spur the resurgence of the creative economy, as venues reopen and performances are booked.

“Our focus has turned to stimulating activity so that work opportunities can flow,” Mr. Fletcher said.

“This new funding comes at an important stage in the resurgence of Australia’s arts and entertainment industry. The goal of the RISE program is to put on shows, creating jobs for artists, teams and reception staff. “

Businesses can find out more about the RISE fund and other arts supports by clicking here.

Government adds $ 135 million in stimulus to arts and entertainment sector

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Last updated: March 25, 2021

Posted: March 25, 2021