Restart Investment to Sustain and Expand (RISE)
The Federal Government has announced $75 million for the Restart Investment to Sustain and Expand (RISE) Fund to help reactivate the arts and cultural entertainment industry following the impacts of COVID-19.
Cultural and arts events that will be delivered digitally/virtually are eligible for funding.
- Applications open 9:00am AEST (Canberra time) 31st August, 2020
- Applications close 11:30pm AEST (Canberra time) 31st May 2021 or subject to allocated funds
- Grants between $75,000-$2 million per recipient/project
- Applicants must make a funding co-contribution, no minimum or maximum co-contribution amount required
- Activities must take place in Australia
- Maximum grant period activity is two years, starting from the grant agreement date
What is eligible for funding?
- Activities such as festivals, concerts, tours, exhibitions, workshops and events (in-person events once it is safe to do so and digital/virtual events can receive funding)
- Cultural and creative programming and promotion
- Purchasing or leasing essential equipment for events, such as sound or lighting equipment
- Development of COVID-safe infrastructure and protocols
What companies are eligible for funding?
To be eligible your primary purpose must be the arts and entertainment sector and you must:
- have an Australian Business Number (ABN)
- be registered for the purposes of GST (if applicable)
- have an account with an Australian financial institution
- comply with all regulatory, industry and legal requirements in relation to copyright, licensing
- be located in any part of Australia
- provide a co-contribution to the activity
and be one of the following entity types:
- incorporated organisations
- a local government owned entity
- a partnership
- a joint (consortia) application with a lead organisation
- a not-for-profit organisation
- an Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations
(Aboriginal and Torres Strait Islander) Act 20067
- a Sole Trader with employees
Is this grant competitive or entitlement based?
Competitive. Your application will be assessed among other applications by a judging panel.
How can I increase my chances of winning this grant?
By engaging an accredited government grants consultant, such as Avant Group.
Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.
As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.
Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project
• Industry analysis presentation
• Competitor Analysis Presentation
• Marketing and Sales Analysis Presentation
• 3-5 year Cashflow Forecast
• 3-5 year Balance Sheet Forecast
• Cost-Benefit Analysis of Grant Funding
• End-to-end grant application including information collating, analysis and application writing
• CAPEX (Capital Expenditure) cost-benefit analysis
• Stakeholder relations and Risk Mitigation Plans
• Any other relevant forecasting that will support your application
How can I get help with my application? Or know if I’m likely to win funding?
Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.