Austrade announced today that the Export Market Development Grant (EMDG) program will be redesigned with upfront payments to Australian Export companies from 1st July 2021.
EMDG will continue in its current format till the end of FY2021 with rebates to be processed for FY21 in arrears as per normal.
However from 1st July 2021 businesses will be able to apply in advance to receive a grant on planned 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.
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 activitieson behalf of their members in international markets.
Grants will be for up to $150,000 per year.
What is the status of the EMDG scheme for financial year 2020-21?
Current EMDG arrangements remain in place this financial year.
The Export Market Development Grants Act 1997 will be amended to give effect to these changes. Key principles will be retained in the legislation, while the rules and administration of the program will be moved into subordinate legislation and guidelines, simplifying scheme administration.
We will consult with stakeholders on the scheme rules and design of the program.
Review of financial assistance to SME exporters
The Minister for Trade, Tourism and Investment, Senator the Hon Simon Birmingham, has released the independent review of financial assistance to SME exporters.
For more information about the Review of financial assistance to SME exporters, please visit:
- The Review of financial assistance to SME exporters (PDF 7.83MB)
- Media release by the Minister for Trade, Tourism and Investment, Senator the Hon Simon Birmingham
- Review findings
- Review recommendations
- Case studies – EMDG recipients provide their thoughts on EMDG
- Frequently Asked Questions
- Mapping of Government export services (PDF 255KB)
- Fact sheet (PDF 243KB)
Want to find out more?
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To see if you may be eligible for R&D Tax Incentive, Export Market Development Grants (EMDG), or Innovation grants please follow the links below:
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Call us to find out what other grants you may be eligible for on 03 90085937 or email.