The State Liberals will invest $40 million in the Events Bid Fund to attract more major events and conventions to South Australia, including the regions.
If elected in 2018, a Marshall Liberal Government will increase the Events Bid Fund from $7.5 million to $10 million in 2018/19 and over the forward estimates.
The significant increase in funding will create jobs through increased economic activity whilst showcasing South Australia on the international stage.
As well as increasing overall funding, the State Liberals will also expand the Adelaide Convention Bureau’s (ACB) mandate with the ACB currently restricted to assisting convention bids for the Adelaide Convention Centre with over 500 delegates.
Member for Chaffey Tim Whetstone said the State Liberals will give the ACB the freedom to help attract more conventions, dispersing tourists not only in Adelaide’s CBD, but right around the state, including to the regions.
“South Australia’s regions have top class venues that are capable of hosting more conventions,” Mr Whetstone said.
“By hosting more conventions across the state, we are ensuring visitors are getting firsthand knowledge and experience of the regions, such as the Riverland, and their unique offerings, selling South Australia to the world.”
State Liberal Leader Steven Marshall said more major events and conventions means more jobs and more investment for South Australians.
“We will double the current Convention Bid Fund to $5 million a year as conventions have an excellent return on investment, generating $60 million in economic activity for every $1 million in the bid fund,” Mr Marshall said.
“The Convention Bid Fund has generated over $200 million in economic benefit. By doubling funding we want to double the economic benefit and potential job growth in South Australia.
“The Adelaide Convention Centre is a world-class precinct, but there’s more to South Australia than just North Terrace.
There are great venues all over South Australia that can host more conventions, dispersing tourists around Adelaide and regional South Australia.
“By increasing the number of major events and conventions in South Australia, we will bring in thousands more tourists, who by filling our bars, restaurants, hotels will deliver important tourism dollars to South Australia.”