Tourism Development Loan Scheme TAS


The Tourism Development Loan Scheme provides loans to Tasmanian tourism operators to help them rebuild, improve and develop tourism products and experiences.

Open

Closes in 265 days

Closing date: 23 Aug 2022

Application detail:

Applications will remain open until 23 August 2022, or until funding is exhausted, whichever occurs first.

What do you get?

Loans of between $50,000 and $2 million.

Who is this for?

Tasmanian tourism operators.

Overview

Examples of the types of projects eligible for a loan, include (but are not limited to):

  • improvements and upgrades to existing tourism accommodation facilities to increase the standard of accommodation offering
  • upgrades to existing or establish new tourism infrastructure or services that will attract or increase visitation and generate economic benefit at a regional or state-wide level
  • projects that will service identified demand in key areas for example, agritourism, Aboriginal cultural tourism, hospitality, adventure and experiential tourism
  • undertakings for tourism operators to achieve carbon-neutral status.

Loans will be available over a 5-year term and are interest free for the first 3 years.

What are the eligibility criteria?

To be eligible, applicants must:

  • hold an active Australian business number (ABN) and be registered for goods and services tax (GST)
  • already operate within the tourism industry, or alternatively demonstrate significant past tourism and/or business experience, and demonstrate the skills and experience necessary to manage the operation of the product or experience
  • be able to service the loan
  • demonstrate the loan supports Tasmanian employment, and that Tasmanian labour and materials will be used wherever possible to complete the project
  • be able to meet project contingencies and cost overruns.

How do you apply?

Find out more about eligibility and how to apply at Tourism Development Loan Scheme.

Loans for TAS tourism operators to rebuild after COVID-19