Funding will roll out over the next 12 months to support the $112 billion creative economy and many of the 645,000 Australians in the cultural and creative industries – from performers, artists and creatives to roadies, stage builders and front of house staff.
The package comprises:
$75 million for the Restart Investment to Sustain and Expand (RISE) Fund to provide capital to help production and event businesses to put on new festivals, concerts, tours and events as social distancing restrictions ease.
$90 million for concessional Show Starter Loans to assist creative economy businesses to fund new productions and events that stimulate job creation and economic activity.
$50 million for Screen Australia for a Temporary Interruption Fund that will support local film and television producers to secure finance and start filming again, supporting thousands of jobs in the sector.
Up to $35 million to support the sustainability of Sector-Significant Organisations to provide direct financial assistance where systemically important arts and entertainment businesses and organisation are facing threats to their viability due to COVID-19.
Establishing a Creative Economy Taskforce to partner with the Government and the Australia Council to implement the JobMaker plan for the creative economy.