A $20 million support fund to encourage private investment in regional tourism development opens today.
The SA Tourism Commission's Tourism Industry Development Fund offers grants from $20,000 to $500,000 for new and improved regional accommodation, and quality regional tourism products and experiences.
It aims to assist in the COVID-19 recovery of regional tourism, by encouraging operators to improve and diversify so they can attract more visitors and get a higher return on their offerings.
Premier Steven Marshall on Sunday announced the fund would run over two years as part of a suite of support packages aimed at the tourism sector, which has been significantly impacted by bushfires and COVID-19.
“Regional tourism is playing a major role in rebuilding our state’s visitor economy and creating local jobs. We already know 43 cents in every tourism dollar is spent in our regions and early indications show this Fund will create around 1,400 ongoing direct tourism jobs," Premier Marshall said.
“One of the key strategic priorities identified across all regions for growing the visitor economy in our state, is improved accommodation, product and experiences. That’s exactly what the Marshall Government is doing, while getting shovels in the ground faster and more South Australians back into jobs.”
Applications to the Tourism Industry Development Fund are limited to private sector businesses in the regions, with a maximum of 30 per cent State Government funding committed to the total project value. Projects must commence within three months from time of a successful application.
Examples could include new accommodation or refurbishments to existing properties, transport to create or enhance tourism experiences, or infrastructure to enhance visitor engagement including a new cellar door experience or an interactive display.
The fund opens this morning, Monday 14 September at 9am, and runs until 31 March 2022 or until all funds have been allocated.
Photo of Goolwa by Orderinchaos, Wikimedia