$250m fund announced to 'restart Australia's creative economy'

The federal Government have announced $250m will be directed into programs to support Australia's entertainment, arts and screen sectors rebuild in the wake of  the COVID-19 pandemic. A range of new grant and loan programs will roll out over the next 12 months to different parts of the arts sector to support the $112 billion creative economy and the more than 600,000 Australians it employs. Also announced was a Creative Economy Task Force, with members to be announced in coming weeks.


The support package includes:

• A $75 million fund to help production and event businesses to put on new festivals, concerts, tours and events 
• $90 million in concessional loans to assist creative economy businesses to fund new productions and events
• A $50 million 'Temporary Interruption Fund' administered by Screen Australia to support local film and television producers to secure finance and start filming again
• $35 million to provide direct financial assistance to support significant Commonwealth-funded arts and culture organisations facing threats to their viability due to COVID-19

Read the full statement here.

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