An Extra $135 Million Will Be Injected Into Australia's Pandemic-Hit Arts and Entertainment Industry

As the arts and entertainment industry continues to climb back to its previous heights following the devastation brought by COVID-19, a welcome addition of $125 million is set to be injected into the Restart Investment to Sustain and Expand (RISE) fund. The extra funding was announced today, Thursday, March 25, and is aimed at supporting "around 230 projects and up to 90,000 jobs". While a further $10 million will be added to the charity Support Act, aimed at providing crisis support to artists and other workers across the creative sector.

The $125 million will be available until Friday, December 31, 2021, and will effectively triple the size of the original commitment of $75 million from the government, raising the total amount of funding available to $200 million. The initial funding has already been put to good use, with Sydney's Hamilton, Melbourne's Harry Potter stage show, Tasmania's Dark Mofo and Byron's Bluesfest all scoring $1 million each. RISE has also helped fund a slew of COVID-safe music events including Next Exit, Fresh Produce and Summer Sounds.

Hamilton. Image: Joan Marcus via Destination NSW

Federal Arts Minister Paul Fletcher names RISE as a driving force behind the creative industry's economic resurgence as venues re-open and shows are booked in. "Our focus has turned to stimulating activity so the work opportunities can flow," Minister Fletcher said in a statement. "This new funding comes at an important stage in the resurgence of Australia's arts and entertainment sector. The purpose of the RISE program is to get shows put on, bringing employment to performers, crews and front-of-house staff."

The government has also updated RISE's program guidelines to make it easier for businesses and organisations to access the funding, and to encourage projects from as low as $25,000 to apply (the bar was previously set at a minimum of $75,000 for funding applications).

Find out more about the RISE fund here.

Top image: Frankies by Katje Ford.