By Joyce DiMascio

 A $500,000 funding package designed to boost confidence in the return of business events to regional NSW has been launched by the NSW government.

The aim is to “turbocharge” local economies and boost jobs around the state by supporting in-person as well as hybrid events.

Minister for jobs, investment, tourism and Western Sydney Stuart Ayres said the $500,000 NSW Regional Business Event Development Fund could not have come at a better time, as the return of more face-to-face events ramps up following the COVID-19 pandemic.

“It’s been incredibly tough for our business events sector, but now is the time to turn that around by restoring confidence back into the industry,” Mr Ayres said.

He said that research from Business Events Australia (BEA) had shown there’s a strong appetite amongst NSW businesses to get back to hosting and attending face-to-face events.

“People have a strong desire to build business connections in-person, while still taking advantage of virtual events, and our funding program is designed to support this new hybrid event environment,” he said.

“I encourage new or existing business events to work with Destination NSW to identify ways they can grow and promote their conference or business event in this state.”

The NSW Regional Business Event Development Fund is designed to help create, attract, or support exciting business events for regional NSW. It will also support new initiatives that encourage business event holders to take full advantage of the many opportunities offered by iconic towns and regions. Grant funding will be offered until April 3, 2021, or until the pool of funds available has been expended.

For more details regarding the announcement click here.

For more details about the program click here.

Image courtesy of Destination NSW.