Saturday, July 13, 2024 The Tasmanian Government has unveiled a new $50 million loan scheme designed to invigorate regional tourism across the state. This huge tourism initiative aims to provide tourism operators with the financial support needed to invest in innovative products and experiences that will attract more visitors and promote tourism dispersal throughout Tasmania . This comprehensive article will explore the details of the Tasmania Regional Tourism Development Loan Scheme, eligibility criteria, and its potential impact on the state’s tourism sector.
The Tasmania Regional Tourism Development Loan Scheme is a significant investment by the Tasmanian Government to foster growth and development in the tourism sector. Under this scheme, eligible tourism operators can apply for loans ranging from $100,000 to $3 million. The loans are designed to be flexible and supportive, with a concessional interest rate for the first three years, transitioning to a commercial rate for the remaining term of up to two years.
As of now, the current variable interest rate stands at 3.85%. To qualify for the loan scheme, applicants must meet specific eligibility criteria.
Projects will be assessed based on their alignment with the 2030 Visitor Economy Strategy priorities. These priorities focus on: Applications for the loan scheme are open until June 30, 2026, or until all allocated funding has been distributed. This extended application window provides ample time for tourism operators t.