Wednesday , October 28 2020
Home / Federal Politics / Arts sector to share in $250m in loans, grants as part of COVID-19 package

Arts sector to share in $250m in loans, grants as part of COVID-19 package

Thousands of jobs across the entertainment, arts and screen sectors will be backed with a new $250 million targeted taxpayer-funded package, providing new grants and loans over 12 months to ensure the industry survives the coronavirus pandemic.

The Morrison government will on Thursday reveal its tailored survival funding for the sector to support the $112 billion creative economy and the more than 600,000 Australiansit employs.

Taxpayers will fund a $250m rescue package aimed the arts and entertainment sectors. Peking Duk performed at Fire Fight Australia at ANZ Stadium in one of the last major concerts before restrictions started.

Taxpayers will fund a $250m rescue package aimed the arts and entertainment sectors. Peking Duk performed at Fire Fight Australia at ANZ Stadium in one of the last major concerts before restrictions started.Credit:Dean Sewell

Prime Minister Scott Morrison said the commercial arts and entertainment sector was one of the first to be affected by COVID-19, through strict social distancing measures that were enforced, and would be one of the last to come out of hibernation.

He said the package, which includes $75 million in grants to provide capital to help production and event businesses and $35 million in direct financial assistance to theatres, dance groups, circuses, musicians and other fields, would help get “their show back on the road, to get their workers back in jobs”.

About admin

Check Also

Sidelined Aus Post boss Christine Holgate urges supporters not to strike

“However, closing your Post Offices, will not only impact the service the members of your …