Simplifying the Export Market Development Grant (EMDG) scheme
The Export Market Development Grants (EMDG) scheme will be simplified and reoriented from a scheme providing assistance through reimbursement after expenditure to an upfront grant agreement. This will give eligible exporters funding certainty before they embark on their marketing and promotion activities.
Support for exporters
In the reoriented EMDG program, multi-year grants will be available for eligible SMEs at three stages of their export journey:
- Eligible SMEs who are new to export will be able to access grants totalling up to $80,000 over two years.
- For eligible exporters who plan to expand their presence in current markets or enter new markets, grants totalling up to $240,000 over three years will be available.
- Finally, those exporters who continue to expand into new markets will be able to access further grants totalling up to $450,000 over three years.
To be eligible for the EMDG program, SMEs will need to be export-ready and have a turnover of less than $20 million. Grants will be for up to $150,000 per year.
Unlike the current reimbursement scheme which saw exporters waiting up to two years for payments, eligible SMEs will be able to get upfront funding certainty over multiple years for eligible marketing and promotional activities.
Assistance for industry bodies and alliances
Assistance to industry bodies and alliances will be expanded to provide help for members who are new to export to become export-ready. Industry bodies and alliances will continue to have access to financial assistance to enable them to undertake promotional activities on behalf of their members in international markets.
Does your Small Business need assistance with Export Market Development?
Dowling Consultancy are a boutique Business Development Consultancy, specialising in providing strategic guidance and assistance in relation to export market development while leveraging government grants
We can help your business unlock its Asian region export market potential through aligning your business with the best market and entry options or connecting with the right channels to market across Asia by drawing upon our team’s firsthand country specific experiences, networks and intimate knowledge of these markets
We can help you pinpoint your best opportunities, help you mitigate risks and devise and execute a tailored and relevant Asia market export entry or expansion strategy and marketing plan in conjunction with undertaking in-market activities. Our team of executive advisors can assist with Japan, Korea, China, Vietnam, Indonesia, Singapore and Malaysia
Our specialist multi-cultural and multi-disciplinary Consulting Team have broad and extensive international market development experience. Our market specific consultants speak your target market’s language and know the cultural and business behaviors intimately. In this way we can be your enabling arms-length resource delivering tailored international assistance to you for enhanced export market success
We have assisted numerous businesses with export market development activities and win government grants. We welcome contact from any Australian Small Businesses that require assistance with EMDG or lodging Small Business Grants and/or Export Market Development Consulting initiatives
Contact Steve Dowling on 0409 478 850 for a confidential, no obligation discussion