Art and entertainment industry set to receive lifeline

The arts and entertainment industry and residential construction industry are set to be the new receivers of the next round coronavirus economic stimulus being finalised by the Federal Government.

With productions, festivals and concerts cancelled, the arts and entertainment industry has been significantly hit by the pandemic, with many of the workers unable to access the JobKeeper wage subsidy.

Art Minister Paul Fletcher said he had been regularly meeting with the industry to determine what needed to be done as the arts industry along with tourism, are expected to take longer to recover from the economic downturn from the pandemic than others.

It is no doubt that the arts and entertainment industry is one of the main tourism drivers to Victoria. According to Creative Victoria, cultural tourist stay 25 per cent longer and spend 20 per cent more per trip than other travellers, making cultural tourism worth more than $1 billion per year in Victoria.

The Federal Government showed no indication of what this stimulus may include, however it is expected an announcement will be made soon.

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