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
Close 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.