Australia’s multi-billion dollar business events industry has received a huge boost with the creation of a national bid fund, making $12 million available over the next three years to support bids for new, high-value international incentive, association, and exhibition events.
From 1 July 2018, Tourism Australia will extend its existing support of the Australian business events industry through the Business Events Australia Bid Fund Program (BFP), which provides assistance to secure new international business events for Australia.
Managed by Tourism Australia’s business events unit, Business Events Australia, the program is designed to increase conversion of business for Australia by offering financial support at the critical bidding stage of new international business events.
Funds will only be available for qualified international business events once the event is confirmed and contracted for Australia.
The new bid fund will support expenditure on goods and services that assist in the delivery of events in Australia, for example accommodation or venue hire costs.
Applications for the new Tourism Australia Business Events Bid Fund can be accessed here from 1 May 2018, with funds for successful applications available from 1 July 2018.