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Industry welcomes $143 million circuit breaker support package

Sunday 21, Feb 2021

VTIC today welcomed the Victorian Government’s $143 million Circuit Breaker Support Package for businesses affected by the latest five-day lockdown.

VTIC CEO, Felicia Mariani, said it was welcome relief for the state’s tourism, hospitality and events operators who incurred devastating losses because of the snap lockdown, which included Valentine’s Day.

“Victoria’s tourism, hospitality and event industry has taken a battering over the past 11 months, and the impact of the snap lockdown over what was to be a bumper weekend across the state, really rocked the sector to its core,” Ms Mariani said.

“The announcement today will deliver a much-needed life-line to many businesses that have been wondering how they can continue in the wake of so many challenges.

“VTIC was most pleased to see that this package will deliver support to 50,000 businesses across Victoria, including our events sector and sole traders who have largely been left out of previous support programs.

“Importantly, the various streams of the program will reimburse operators for direct losses from stock wastage, losses incurred from cancelled accommodation bookings and an extended travel voucher program that will finally include Metro Melbourne.

“VTIC has been calling for a voucher program to support tourism operators in Metro Melbourne who have been languishing with the loss of interstate travellers. This inclusion of 200,000 travel vouchers to encourage visitation to both regional Victoria and Metro Melbourne tells us that government is listening to industry needs.

“These relief packages are critical, and the Victorian Government has implemented some of the most generous support programs in the country throughout this crisis. What the industry needs now, though, is more certainty for their operations. The ability to plan ahead and operate businesses in this new Covid-Normal world is vital – with that, we can avoid the need for these ongoing financial support programs,” Ms Mariani said.

For more information on the Circuit Breaker Action Business Support Package, visit the Business Victoria website.