West Coast Experience Loan Fund To Support Tourism

West Coast Experience Loan Fund To Support Tourism

Tasmania Premier Will Hodgman

Support For West Coast Tourism

Victor P Taffa

Premier Will Hodgman said that the Tasmania State Government is a strong supporter of regional tourism and is partnering with the RACT (Royal Automobile Club of Tasmania) to deliver the West Coast Experience Loan Fund.

The loan fund, worth $500,000, is designed to support the West Coast in developing new tourism products and experiences. This will create new job opportunities on the West Coast and diversify the regional economy.

Tasmania’s isolated West Coast has much potential for tourism growth with rugged landscapes, boundless forests and a rich historical narrative.

“In the year to March 2016 the Cradle Coast region experienced a 5% increase in tourism growth, which we want to build on.” Premier Hodgman said.

“The loan fund is now open and I encourage local West Coast businesses to apply by completing an expression of interest.”

“Loans of up to $100,000 will be available and are to be matched dollar for dollar by the applicant. The loans are to be repaid over five years with an interest free period for the first two years.” Premier Hodgman said.

With Tasmania’s award winning tourism sector growing year-on-year, the Hodgman Government is seizing the opportunity to facilitate continued growth in the sector, particularly in regional areas.