Small licensed clubs looking to diversify their operations can now access ACT Government grants of up to $15,000 each to assess the viability of their sites for residential development, ACT Minister for Gaming and Racing Joy Burch said today.
Ms Burch said the Government is calling for expressions of interest (EOIs) from small clubs wishing to access the Small Club Site Redevelopment Support Scheme to explore the opportunity of building residential accommodation on unused parts of their sites.
"In discussions with the clubs sector the Government learned some small clubs wish to diversify their income away from gaming machine revenue, but have found the cost of exploring development options prohibitive," Ms Burch.
"We listened, which is why the 2012-13 Budget funded this innovative new program to assist clubs with this objective.
"As well as assisting clubs, it is also envisaged that the Scheme will positively contribute to housing affordability through increasing the supply of housing in existing urban areas."
Following the call for EOIs, selected clubs will be provided with a grant of up to $15,000 to undertake feasibility studies. There will be no obligation on clubs receiving the grant to proceed with residential development.
"If a feasibility study identifies a viable redevelopment project, the decision to pursue development will rest with the individual club.
"Recipients will also have access to assistance from the Economic Development Directorate in navigating the feasibility assessment process."
Ms Burch said that the call for EOIs was open until 31 July 2012. EOI documentation is available from the Economic Development Directorate.
- Statement ends -
Section: Joy Burch, MLA | Media Releases
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