08/10/2021 - 09:00

Regional tourism shares in $300m funding

08/10/2021 - 09:00

Bookmark

Save articles for future reference.

The federal government has bolstered the latest round of the Building Better Regions Fund to $300 million to drive the recovery from the COVID-19 pandemic.

The funding will cover a range of projects including art galleries and museums, pools and gardens. Photo: Gabriel Oliveira

Sports facilities, art trails and garden extensions across regional Australia are set to get a face-lift under the latest $300 million round of a federal government program.

The Building Better Regions Fund's fifth round of funding will go to 298 projects across Australia.

An extra $100 million will be provided on top of the initially announced funding to drive the recovery from the COVID-19 pandemic, which has hammered the tourism and travel sector.

Deputy Prime Minister Barnaby Joyce said the projects would create 9,900 jobs and deliver $330 million in economic stimulus through co-investment.

The round specifically includes 81 tourism-related infrastructure upgrades which will receive $125 million.

"Investing in tourism will protect existing jobs and create new ones, while positioning regional towns and economies to capitalise on Australia's post-COVID recovery as borders reopen and people start travelling again," Mr Joyce said on Friday.

The range of projects covers art galleries and museums, pools, health facilities, community hall and facilities upgrades, regional water supplies and garden extensions.

The fund to date has provided a total of $1.38 billion over five rounds.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options