New Zealand’s Business Events Industry Aotearoa (BEIA) has welcomed news of government support for the country’s business events industry, which is severely impacted by ongoing Covid-19 restrictions.
For the first time, business events of over 200 attendees will now be included in the Events Transition Support Payment scheme (ETSP).
BEIA chief executive Lisa Hopkins (pictured) says the 12 February announcement from economic and regional development minister Stuart Nash recognised the high value of the business events industry and gave some long-overdue certainty to organisers, venues and clients to help plan ahead.
“We are overjoyed minister Nash and his team have acknowledged the key role business events will have in New Zealand’s recovery,” Hopkins said.
“When a business event is held, it not only brings much-needed contribution to the tourism and hospitality sectors, but also impacts positively on the community. It supports a highly skilled and dedicated supply chain, who have really felt the impact of restrictions over the past couple of years.”
In his announcement, minister Nash had said: “Business events are an important part of the sector and attract high spending visitors to the regions and main centres. Business events are also a key source of revenue for convention centres and other venues that are not typically used for large-scale events.”
“The scheme effectively sees the government underwrite costs so that organisers of an eligible event can claim 90% of unrecoverable costs if it can’t go ahead due to public health measures for events. It will be valid for events scheduled from 4 April 2022 to 31 January 2023,” Hopkins noted.
“The original ETSP scheme was introduced in November 2021 to give event organisers financial certainty to host large-scale events such as festivals over summer, but did not include business events.”
the ministry of business innovation and employment will have a new eligibility form online by 1 March and the changes take effect on 4 April 2022.
Business events must have been publicly announced or have been actively in the market prior to 23 January 2022 for events scheduled to begin before 1 July 2022; or at least four months prior to the event date for events scheduled to begin on or after 1 July 2022.
For more information visit the Events Transition Support Payment scheme page on the MBIE website.
For more information on support for smaller events and artists, visit the Arts and Culture COVID Recovery Programme page on the Ministry of Culture and Heritage website.