About the Domestic Events Fund
The $10 million contestable Domestic Events Fund, established to support the events sector which is significantly impacted by the COVID-19 pandemic, has been allocated. Below are the recipients who received funding.
The Domestic Events Fund (DEF) was intended for events which:
- are socially, culturally, or economically significant for New Zealand, and
- have exhausted market-based solutions, and
- without support, would not be able to re-start or need to be significantly re-scaled,
- Events which will assist the market to retain sector-critical event organisers and suppliers for the long-term viability of the industry.
The Fund was open to private sector event entities that deliver community, regional or public events (including sports, arts, cultural, business) and was designed to inject immediate cash-flow to the sector and the broader supply chain.
Recipients will be required to pay a certain percentage of funding to their key event suppliers as up-front payments to ensure funding reaches the supply chain in a timely manner.
The Fund received over 400 applications from a range of events. Of these, 205 were determined by MBIE, with support from the Regional Panels, to be both eligible and recommended as meeting the objectives and criteria of the Fund, including demonstrating that they had exhausted other options (such as market-based and rescaling solutions). Two hundred of those 205 were able to be supported within the funding cap of $10 million.
MBIE considered panel recommendations and applied a national view when making final decisions to ensure the key objectives of the Fund were met.
It is unlikely, at this stage, that the Domestic Events Fund will be reopened. We will, however, be tracking and monitoring what funding, if any, may remain. If the Domestic Events Fund was to reopen, New Zealand Major Events would notify the sector.
Domestic Events Fund Recipients