Export assistance grant opens
PERTH (miningweekly.com) – Australian exporters with a turnover of less than A$20-million in 2020/21 can now submit applications for the reformed Export Market Development Grants (EMDG)
Minister for Trade, Tourism and Investment Dan Tehan said recent reforms to export grants would better support Australian exporters to succeed on the world stage, supporting local jobs and businesses.
The programme has been improved by simplified legislation, a streamlined application process and a shift to a forward-looking grant programme which will ensure exporters know how much funding they will receive before they spend.
“Our government provided A$214.5-million to more than 4 700 Australian businesses to support their exporting activities through the EMDG programme in 2020/21. These businesses employed more than 70 000 people and generated around A$4.7-billion in export income.
“EMDG is a valuable form of assistance for Australian exporters and these changes will help many new and emerging exporters reach new heights in the years to come.”
Since 1974 EMDG has supported close to 50 000 Australian exporters and distributed around A$5.7-billion in grant payments.
The top five markets for EMDG grant recipients in 2020/21 were the US, at 56.9%, followed by the UK, at 25.3%, China, at 17.5%, Singapore, at 8.9% and Canada, at 8.6%.
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