From the drought to the bushfires and then COVID-19, 2020 has been a challenging year for those South Australian businesses in the tourism industry.
To bounce back, tourism businesses need to improve and diversify their offering to remain sustainable and increase visitor demand for their product offering. To achieve this, funding is often one of the most difficult challenges.
The recently announced Tourism Industry Development Fund by the South Australian State Government has been developed to help address this challenge by providing grants from $20,000 to $500,000 (excluding GST) with a maximum of 30 per cent State Government grant of the total project value.
The fund intends to:
Many businesses in the South Australian Wine Industry would be eligible. So, if you’ve been thinking about building accommodation to support your cellar door or developing a new immersive cellar door experience, then this grant could turn your idea into a reality.
Nexia Edwards Marshall can provide advice on identifying and assessing the eligibility of available grants, including this one, and assist with the application process.
If you would like to know more about the Fund and the grants available or need any assistance with applying, please contact Raoul Stevenson or your Nexia Edwards Marshall Adviser.
The material contained in this publication is for general information purposes only and does not constitute professional advice or recommendation from Nexia Edwards Marshall. Regarding any situation or circumstance, specific professional advice should be sought on any particular matter by contacting your Nexia Edwards Marshall Adviser.