Export Market Development Grants (EMDG) are available from the government to help Small to Medium Enterprises (SMEs) with a turnover of less than $20 million to grow their exports in international markets.
This year grant sizes are being increased significantly so that eligible Australian businesses will now be able to receive allocations ranging from $20,000 to $80,000 to support their export goals. SME exporters can apply for grants over eight years in total (not necessarily consecutively).
Austrade manages EMDG grants in what they call ‘Rounds’ and the upcoming opportunity – Round Four – opens on 12 November 2024. Grants will be awarded to eligible businesses in the order in which applications are assessed, with rounds closing as soon as funds are fully allocated.
Successful applicants may receive grant agreements for two financial years: up to $104.5 million will be available for allocation in 2025-26 and another $104.5 million in 2026-27.
We know that busy exporters do not always have time to go searching for government news updates, which is why we stay informed with an eye on issues that matter to you. We understand the frustration experienced by business owners when they find out about claims they could have made – after the deadline has passed.
Australian exporters are encouraged to get ready and develop their market plans early. Grants are currently available in three tiers: Ready to export; Exporting and expanding; Exporting, expanding and strategic shift. Ask us about the application process now, and we will help you complete the new free export readiness test.
For information about all your imports, including correct Customs procedures, contact us here at Colless Young. As licensed Customs Brokers and International Freight Forwarders, we handle your cargo economically and professionally. Based in Brisbane, Colless Young provides a complete range of logistics services, including exports, both by sea and airfreight, at all major Australian ports and airports.
