EMDG initial payment (tranche1) ceiling for FY18 Grants
The EMDG initial payment (tranche1) ceiling for the 2017–18 grant year for the Export Market Development Grants scheme has been announced today and will be $40,000.
The initial payment ceiling is the maximum amount paid as a first instalment to reimburse exporters who have made eligible marketing expense applications through the scheme.
An initial payment of up to $40,000 provides exporters with a reasonable immediate cash flow, while mitigating the risk of demand exceeding available funding. In addition, it should allow for a reasonable second tranche payment for the 2017–18 grant year.
Recipients for the 2017–18 grant year who have an entitlement up to and including $40,000 will be paid in full. Those with entitlements above this amount will receive a second tranche payment at the end of June 2019, the size of which will be determined at that time.
Balance Distribution Date for 2018
The Balance Distribution Date (the date at which Austrade ceases assessing grant applications in order to calculate the second tranche payment) has been determined by the Minister to be 22 June 2018.
Final payment outcomes for businesses entitled to a grant of more than $40,000 will not be formally determined until 26 June 2018, and communicated to claimants after that date.
Kickoff your EMDG for Fy18 early
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