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Govt makes fund to help save local events and jobs

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The Government has established a new $10 million fund for the domestic events sector to help save jobs and protect incomes as it recovers from the impacts of COVID-19.

This funding from Budget 2020 follows talks with the event sector designed to develop a joint strategy for the event sector’s survival and growth.

Minister of Economic Development Phil Twyford says the events sector is important to New Zealanders and the country, raising the profile of our trade, culture, sports and arts.

“The events this sector delivers are fundamental to building national pride and showcasing the best that New Zealand has to offer.

“The purpose of the Domestic Events Fund is to stave off the loss of critical events which contribute to regional economies, and that without support may never return. By saving these events, jobs and the income of sector employees, contractors and freelancers will be protected.

“This fund won’t save every event, but it aims to support those events that provide the greatest flow-on benefit to regional economies. It has been set up to provide cash-flow within the sector.

“On top of this, sector workers have been able to access the Government’s wage subsidy, which has paid out more than $12 billion, and many will benefit directly and indirectly from the $70 million Creative Arts Recovery and Employment Fund to support rebuilding the creative industries, and the $60 million Cultural Innovation Fund to encourage investment and new thinking in the cultural and creative sectors,” says Twyford.

The fund opens for applications on July 3.

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