The Restart Investment to Sustain and Expand (RISE) Fund will provide competitive seed funding for new productions, festivals and events to support the successful re-opening of Australia's creative and cultural sector.
The $75 million grant funding is part of the Government's $250 million JobMaker plan to help restart the creative economy and get the entertainment, arts and screen sectors back to work.
RISE will support theatre, dance, community and arts and culture gatherings—to partially substitute for the capital lost due to the cancellation and rescheduling of events.
RISE will help arts and creative businesses to resume activity as quickly as possible and to transition to new ways of working. Grant amounts will range from $75,000 to $2 million.
Arts businesses will bid for competitive funding, with a focus on audience type, popularity of previous events, organisational sustainability and jobs created. Individual artists or practitioners will also be able to apply. The guidelines for the RISE fund will be released in the coming weeks.