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

What 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- external site: https://www.business.tas.gov.au/covid-19_business_support_packages/tourism_development_loan_scheme

Contact information

ask@business.tas.gov.au
1800 440 026