Tasmanian Government Tourism Loan Scheme opens for applications

The Tasmanian Liberal Government has opened their $50 million Tourism Loan Scheme for applications.

Tasmanian Minister for State Growth, Roger Jaensch advises “we know that COVID-19 has significantly impacted our tourism industry and this scheme will ensure that Tasmanian operators can continue to improve and develop their products and experiences.

“Delivering on our First 100 Day Plan, this scheme will offer operators an opportunity to rebuild and regain visitors and customers when travel returns to normal, providing an opportunity to build resilience and innovate.

“We have also increased the interest-free loan amount to up to $2 million for three years, up from our initial election commitment of a capped $1 million. This will provide industry with resourcing to genuinely improve and enhance their product offering during this time and, by doing so, increase Tasmania’s destination appeal.”

Initiatives that are supported under this scheme will contribute to achieving the identified priorities of the State’s T21 Visitor Economy Action Plan 2020-22 which includes championing entrepreneurism and innovation in new products and experiences that reinforce and enhance the Tasmanian brand and competitive strengths.

Minister Jaensch adds “Tasmania’s tourism industry is world-class and we are recognised as a must-visit global destination. This interest-free loan scheme is just one of the many ways we are supporting and strengthening the industry to secure Tasmania’s future.”

Image courtesy of  Discover Tasmania