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$250 Million Arts Package – A National Government Grant

29 Jun

$250 Million Arts Package – A National Government Grant

The Art sector is happy about the $250 million investment the government has pledged in grant funding, while others are shaking their heads at such a huge amount of money being given away.

But the fact is people, the government knows what makes money, it’s the heart of their business, and they do it well most of the time. Art not only makes most of us happy it also brings with it a huge drawcard through tourism, concerts, plays etc, thus amounting to huge financial gain for our wonderful country in the long term.

I hear people going crazy over the way the government spends its money, but we all need to realise each business brings its own food to the picnic. Economic growth depends on all business on all levels getting back into the swing of things.

The art sector is of course diverse and ranges from writers to producers, actors, makeup artists, cameramen, event organisers, musicians etc, etc.

But here you get the gist as to the range ‘ARTS’ relates to, therefore it is very Important we keep this loved and revered business of Artistry going. The help they are receiving now from the federal government will fuel economic stimulation, it is as well-earned as any other business currently receiving funding.

Apart  from the financial aspect, in the long term there is also the fact that most of us gain true pleasure in some form from the Arts, albeit our favourite show, song, painting, book or any other form of entertainment we love.

Personally, I think it was a great move on behalf of the government to bring good spirit to artists and the Art World in general. It will keep their spirits high during Covid-19 with financial incentives and grants to help them through this and in turn they will continue to amuse, serenade, paint and generally keep our spirits high.

The Art Business contributes over 100 billion dollars to Australia’s economy each year so its no small change this industry brings to the table. Government grants are always available for art, artists and industry professionals so this is a bonus and you should be seeking out all of the options currently available to your particular needs or industry. Funding under this round will be allocated in the following four categories:

  • $35 Million will be offered to Commonwealth funded arts & culture organisations facing hardship due to the Covid-19
  • $90 Million will be offered in National guaranteed concessional bank loans for the purpose of funding new productions & events
  • $50 Million in grants designed to help local film and television producers secure finance so they may restart filming and production
  • $75 million in competitive grants for event & production businesses to put on new concerts, festivals, events and tours with grantsavailable from $75,000 up to $2 million

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