Regional Business Event Development Fund

What is the Regional Business Event Development Fund?

The NSW Regional Business Event Development Fund is designed to help stakeholders create, attract and support exciting business events for regional NSW and to support new business event initiatives. The Fund aims to enrich these business events with opportunities offered by iconic towns and regions, while helping secure successful conferences and events for their future. 

 

Program Streams

The four streams of the program are:

  1. Creation of a New Business Event – To encourage towns and regions to create their own new conferences and business events.  
  2. Attraction of an Existing Business Event – To assist rural and regional NSW to secure conferences, business events and major expos. The business event should have been held previously in a capital city, interstate or overseas and funding is being sought to bring the event to a regional NSW location. 
  3. Support for an Existing Business Event – To support events that are held in regional NSW and may rotate between locations. Funds must be used to drive increased visitation for the event. 
  4. Support for a Business Event Project – To assist rural and regional NSW to implement business event projects or initiatives aimed at driving growth in the visitor economy of regional NSW. This may take the form of a business event series or roadshow; a specific element of a business event where the main event is being held in a capital city or interstate; or a small-scale infrastructure project designed specifically to support growth in business events.

 

Funding

An Applicant may apply for funding based on the following scale:

  • Up to $15,000 (ex GST) for a business event with up to 150 delegates (projected attendance)
  • Up to $30,000 (ex GST) for a business event with over 150 delegates (projected attendance)

Funding is to be matched dollar-for-dollar by local communities, councils, entrepreneurs, associations, corporations, professional conference organisers or grants received by other local, state or federal government agency. 

 

Eligibility

To be eligible, the business event  must be held in one of the following Destination Network regions:

  • Destination Riverina Murray
  • Destination Southern NSW
  • Destination North Coast, including Lord Howe Island
  • Destination Country and Outback NSW
  • Destination Sydney Surrounds North
  • Destination Sydney Surrounds South.

The Fund is open to local government, local tourism organisations, convention organisers, chambers of commerce, business events industry operators, industry associations, sole traders, corporations and professional conference organisers which are looking to create or host a business event in regional NSW. Applicants who have received funding for a business event previously may be eligible to apply for funding under the third stream – Support of an Existing Business Event. Political parties are ineligible to apply. 

The funding requested must be directed towards initiatives which are likely to increase or extend visitation associated with the business event. Items that are not eligible include: 

  • Applicant travel and accommodation.
  • Any outbound promotion (including competitions, prize promotions and giveaways).
  • Subsidising delegate attendance or providing travel or accommodation subsidies to attendees.  Funding can be used to cover the cost of point-to-point transfer services.
  • Funding any projects which have already been provided with a grant under another Destination NSW incentive or investment agreement.
  • Employment of local resources on an ongoing basis to drive business events growth overall.
  • Applicants seeking support for a small-scale infrastructure project may not seek funding for the purchase of non-fixed equipment which may be removable, transportable or transferable. Funding for small-scale infrastructure projects may not be used to undertake activities that would reasonably be seen as regular repairs and maintenance.
  • Travel, expenses and accommodation costs of staff working at the business event(s); this does not include costs associated with securing keynote speakers.
  • Any other activity, as defined under the agreement.

 

Timing

Applications close 01 June 2022.

 

More Information

What is the #1 grant for start-ups?

12,000+ companies access the R&D tax incentive per year that yields a CASH REBATE of up to 43.5%.
This might be perfect your start up.
Do you want to know more?

Scroll to Top
R&D Top 10 Consultant Tips

Top 10 Consultant Tips to Maximise the R&D Tax Incentive