An accelerated funding for Sydney's business events sector

The Accelerate Sydney Business Events Fund targets events revival in Greater Sydney, Newcastle and Wollongong.

Organisers can be based anywhere in Australia, but to access the funding, their events must be held at a public venue in Greater Sydney, Newcastle or Wollongong.
Organisers can be based anywhere in Australia, but to access the funding, their events must be held at a public venue in Greater Sydney, Newcastle or Wollongong. Photo Credit:Novotel Wollongong, Northbeach

The NSW Government and Business Events Sydney (BESydney) have announced a new funding programme to boost business events and drive economic recovery across events held in Greater Sydney, Newcastle and Wollongong.

Applications started 30 November 2021 for the Accelerate Sydney Business Events Fund, open to organisers of business to business (B2B) conferences, conventions, symposia, congresses, seminars, training courses and trade exhibitions to offset venue costs matched dollar-for-dollar by the organiser.

This includes up to AUD$50 (US$35) per physical delegate for a one-day business event for a maximum of 600 delegates, or up to AUD$100 per physical delegate for a two-day (or more) business event for a maximum of 600 delegates.

Organisers can be based anywhere in Australia, but to access the funding, their events must be held at a public venue in Greater Sydney, Newcastle or Wollongong. The event must also be of at least one-day duration and attract 100 or more delegates.

Accelerate builds upon the Kickstart 2021 Sydney Business Events Fund launched in March this year which has supported events scheduled through until March 2022.

The Covid-19 Recovery initiative also comes right on the heels of the NSW Government's announcement to lift the 2sqm density restriction for in-person business events.

BESydney CEO Lyn Lewis-Smith is urging event organisers to apply to access the Accelerate funding as soon as possible, with the first round applications closing on 17 December and funding to be allocated on a first come first served basis.

“With the NSW Government’s slew of announcements easing restrictions over the past month, particularly the removal of the 2sqm density rule and planning for a NSW Event Saver Fund well in train, we are seeing business events starting to get their mojo back,” said Lewis-Smith.

“There is a buzz starting to come back, and calendars are starting to fill as business confidence returns. There are so many new venues and new experiences being announced as the city starts to re-open.

“Accelerate is designed to provide that final impetus for people to book with organisations answering the call from their teams, their clients and their suppliers to get back face-to-face in 2022, and it will go a long way to re-energise our great city.”

BESydney also recently announced that New South Wales is gearing up to host 95 events between 2022-2029, worth AU$503million (US$370 million).

For more details of the programme, click here.

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