2024 Tasmanian Budget good news for BET
A $5 million allocation for Business Events Tasmania (BET) in the 2024 Tasmanian Budget will allow the organisation to work to secure national and international conferences for the ultimate benefit of the state.
Under the additional funding which has been granted to spend over two years, $3.8 million has been provided for the Business Events Attraction Fund (BEAF), and a further $1.2 million for business-to-business marketing activities.
BET CEO Marnie Craig said the BEAF was a critical tool in assisting to secure business events.
“The BEAF, which was established by the Tasmanian Government in 2019 and which BET took over the administration of in September 2021, allows BET to offer financial support at the critical bidding stage, to help secure national and international conferences to the state.” she said.
“In addition, the increased investment for marketing will allow us to represent Tasmania at tradeshows nationally and internationally.
“We are also in the final stages of planning a familiarisation program that will bring more than 60 event planners and key decision-makers to Tasmania who have either never been to the state before in a business event capacity or haven’t been for many years.”
Ms Craig said BET had a bold ambition to grow the value of the business events sector to $300 million (up from $199 million) annually by 2028.
“The funding provided in the recent budget is critically important if we are to achieve our goal of growing the value of the business events sector in Tasmania,” she said.
Ms Craig thanked for Tasmanian Government for its contribution and support for the next two-years.
For Further information please contact
Krystal James
03 6231 1366
Taken from the Business Events Tasmania Media Release on September 17, 2024.
