Territory Stories

Budget 2014-2015 Budget Overview

Details:

Title

Budget 2014-2015 Budget Overview

Other title

Tabled paper 832

Collection

Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT

Date

2014-05-13

Description

Tabled by David Tollner

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Details/C2019C00864

Parent handle

https://hdl.handle.net/10070/273753

Citation address

https://hdl.handle.net/10070/426367

Page content

9Developing the Economy Budget 2014-15 Business The 2014-15 Budget supports local businesses to take advantage of opportunities in the growing Territory economy, including: $5.4 million for a suite of industry development programs, which aim to increase the capacity and capability of local businesses; $1.85 million to continue to support Territory Business Centres; $1million to continue the Indigenous Workforce Participation Program, to support Indigenous employment opportunities; $0.95 million for a Red Tape Abolition Squad and to progress procurement reforms; $0.5 million over two years to implement the Business Innovation Support Initiatives program to provide funding to small and medium-sized businesses to pursue innovation and undertake research and development projects; and $0.2 million to provide business management upskill workshops to enhance business performance and employment. Tourism The 2014-15 Budget includes $17.5million for domestic marketing activity, $13.6million (including an additional $7.5million) to market the Territory internationally, and an additional $0.5 million for a tourism product development grant program focused on regional and remote areas. Tourism funding includes: International Marketing $2.8 million for eastern markets to support marketing by Territory operators and promote travel to Darwin and the Top End; $7.6 million for western markets with a continued focus on regional dispersal to the Territory as part of broader Tourism Australia campaigns; $0.5 million for marketing on the east coast of Australia to encourage travellers already in Australia to include the Territory as part of their travel plans; and $0.8 million for cooperative marketing campaigns with airlines to build inbound demand for existing aviation services. Domestic Marketing $3 million for branding and regional awareness promotions including corporate sponsorships; $8.2 million in cooperative activity to drive sales and trade training; and $0.65 million to capture and update tourism imagery across the regions. Other Initiatives $1.9 million for the provision of regional marketing and visitor information services across the Territory; and $2.5 million to promote the Territory as a business event destination.