On 25 March 2021, the Federal Government announced an extension to the Restart Investment to Sustain and Expand (RISE) program with a further $125 million to be injected into the fund and an additional $10 million going to Support Act. The RISE program is targeted towards supporting the arts and entertainment sector to reactivate.
Grants will be available until 31 December 2021, with the government also announcing that it will make changes to how the grant is delivered to make it easier for businesses to access the program. The minimum threshold in grant monies will reduce to $25,000 (from $75,000).
New guidelines will be released via the GrantConnect website in the coming weeks.
Since the inception of the RISE Fund, Banks Group has provided continued support to a number of clients in preparing their applications. Please do not hesitate to get in touch with us via your Banks Group representative, (03) 9810 0700 or email@example.com if you have any further questions or require assistance.