Export Market Development Grant

What is the Export Market Development Grant?

The Export Market Development Grants scheme is a flagship Australian Government program designed to provide crucial financial assistance to both aspiring and current Australian exporters. Administered by Austrade, the EMDG program plays a vital role in encouraging more businesses to invest in export marketing and promotional activities, ultimately stimulating the Australian economy through increased international trade and innovation. It’s a powerful tool for businesses looking to expand their global footprint and reach new markets.

Significant reforms to the Export Market Development Grant program took effect on 1 July 2021, transforming it from a reimbursement scheme to a more accessible and predictable grant program. This shift has made it easier for businesses to plan their export marketing activities and manage their cash flow. To be eligible for the Export Market Development Grant program, your business must have a turnover of less than $20 million in the year prior to applying, making it particularly beneficial for small and medium-sized enterprises (SMEs) looking to grow internationally.

The Export Market Development Grant program operates with grant tiers based on the maturity of your export activities:

• Tier 1: Ready to Export: For businesses that are just starting to explore export opportunities and are preparing to enter international markets. This tier provides up to $40,000 per year for a maximum of two years.
• Tier 2: Exporting and Expanding: For businesses that are already exporting and are looking to expand their existing markets or enter new ones. This tier offers up to $80,000 per year for a maximum of three years.
• Tier 3: Strategic Shift: For businesses that are undertaking a significant strategic shift in their export activities, such as targeting a new major market or implementing a significant change in their export strategy. This tier provides up to $150,000 per year for a maximum of three years.

Call us at 08 6315 2700 to learn how our EMDG services can help you secure valuable funding, support your business growth, and achieve your export ambitions. Insight Innovation can help you unlock the potential of the EMDG program and take your business to the global stage.

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How we can help with the Export Market Development Grant

ThThe revamped Export Market Development Grant program offers several key advantages for Australian exporters:

• Pre-Determined Funding: Under the new grant program, you’ll know the amount of funding you’ll receive before you spend money on your export marketing activities. This predictability is invaluable for budgeting and resource allocation, allowing you to confidently invest in your export growth strategy.
• Simplified Legislation: The program now operates under simplified legislation, making it easier for businesses to understand and comply with the rules and regulations. This reduces the administrative burden and allows you to focus on growing your exports.
• Streamlined Application Process: The application process has been significantly streamlined, making it more efficient and less time-consuming for businesses to apply for funding. This reduces the paperwork and allows you to access funding more quickly.
• Multi-Year Grants: One of the most significant improvements is the introduction of multi-year grants. Instead of applying annually, businesses can now apply once for a grant covering two or three years, providing greater certainty and allowing for longer-term planning of export activities.

Navigating the intricacies of the Export Market Development Grant program and preparing a successful application can be complex. That’s where we come in. We offer comprehensive EMDG services to support your export growth, including:

• Advising on systems and processes: We can help you set up the necessary systems and processes to effectively manage your export activities and meet the EMDG program requirements.
• Identifying eligible activities and expenditures: We’ll help you identify which of your export marketing and promotional activities are eligible for EMDG funding, ensuring you maximize your grant potential.
• Preparing and lodging applications: Our expert team can assist you in preparing a strong and compelling EMDG application, ensuring all necessary documentation is complete and accurate. We’ll also manage the application lodgement process on your behalf.
• Consulting with government departments: We can act as your liaison with Austrade and other government departments, addressing any queries or requests for further information.
• Managing audits: We can help you prepare for and manage any audits conducted by Austrade, ensuring compliance with program guidelines.

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