The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industries.
It encourages businesses to increase international marketing and promotion expenditure to achieve more sustainable international sales. It also provides businesses with an opportunity to enter and embed themselves in global value chains – something that encompasses 80 per cent of global trade. EMDG recipients include many of Australia’s best known exporters. The vast majority of recipients report that the scheme is invaluable in helping them access new markets, and develop better international business and cultural understanding.
The EMDG scheme:
– reimburses up to 50 per cent of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000
– minimum grant of $5,000 (generally applies) with a maximum grant of $150,000
– provides up to eight grants to each eligible applicant.
The presentation will provide an introduction to the EMDG scheme, addressing general eligibility requirements, eligible expenses and recent changes (due to covid-19) that relate to the 2020 grant year.