What is the Tourism Industry Development Fund?
The Tourism Industry Development Fund is a grant opportunity designed to support and stimulate private sector investment in new and improved regional accommodation, and the development of quality tourism product and experiences. It aims to assist in the COVID recovery of regional tourism by encouraging regional operators to improve and diversify so they can attract more visitors and get a higher return on their offering.
The Tourism Industry Development Fund aims to:
- Improve tourism infrastructure and experiences that appeal to target markets
- Grow economic benefit via increased visitor expenditure
- Create new jobs and develop skills
- Encourage further development by the private sector in infrastructure and visitor facilities
- Encourage businesses to working collaboratively
- Implement sustainable business practices.
The impacts of drought, the ‘black summer’ bushfires and the COVID-19 pandemic, have highlighted the urgency for tourism businesses to improve and diversify their offering to remain sustainable and increase visitor demand for their product offering.
Through the South Australian Tourism Commission, the State Government is committing $20 million to the Tourism Industry Development Fund over two years to support regional tourism in South Australia.
Applicants can seek 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 TIDF will provide funding for the development of new and improved tourism infrastructure, (ie. regional accommodation) and the creation of new product and experiences that will attract domestic and international visitors.
There are two streams in the Tourism Industry Development Fund, outlined below:
Stream 1: Regional Infrastructure Projects
- To develop or enhance tourism infrastructure, facilitate new private sector investment in building new accommodation or refurbishing existing properties within regional South Australia.
- To support private projects that require infrastructure build or upgrades to better provide a regional tourism experience such as new attractions.
Stream 2: Regional Product and Experience Development Projects
- To develop new products and/or enhance existing products and visitor experiences within regional South Australia.
- To support regional products and experiences that align with SATC’s marketing focus such as food and wine, nature and wildlife, cultural, coastal and outback, and soft adventure.
Your overall project may include a number of linked activities that are eligible for Stream 1, Stream 2 or both.
Eligible expenditure considered for funding must be:
- Incurred by the applicant within the project period (between the project start and end date). Expenditure incurred prior to project commencement will not be eligible.
- A direct cost of the project
Examples of eligible projects include:
- New accommodation or expansion builds.
- Refurbishment or renovations of existing accommodation.
- Non-fixed assets such as furniture and fittings
- Transportation including, but not limited to, vehicles, bikes and boats.
- Infrastructure to enhance visitor engagement, including provedores, cellar doors and interactive displays.
- Infrastructure required to develop a new tour offering utilising existing products and experiences.
Project applications to the Tourism Industry Development Fund are limited to private sector businesses, including;
- Sole traders
- Business clusters*
Applicants must be financially viable, registered for GST and have been operating a business with an Australian Business Number (ABN) for a minimum of 12 months.
Within South Australia, there are 11 tourism regions that are recognised by the State Government and SATC. To be eligible for funding, your business and/or project must be located in at least one of the following regions:
- Adelaide Hills
- Clare Valley
- Eyre Peninsula
- Fleurieu Peninsula
- Flinders Ranges and Outback
- Kangaroo Island
- Limestone Coast
- Murray River, Lakes and Coorong
- Yorke Peninsula
Applications close 31 March 2022 or until all funds have been allocated.