WHAT IS AN EXPORT MARKET DEVELOPMENT GRANT?
The Export Market Development Grants (EMDG) scheme is the key Australian Government financial assistance program for aspiring and current exporters.
The scheme is administered by Austrade and supports a wide range of industry sectors and products, including inbound tourism and the export of intellectual property and know-how outside Australia.
The EMDG scheme is aimed at encouraging Australian businesses with a turnover of less than $50 million to develop export markets by reimbursing up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are a minimum of $15,000.
RADBE Consulting has worked with numerous clients seeking to access the EMDG scheme and has a well developed methodology to assist clients at all stages of the claim process.
Can you apply?
If you are an Australian entity carrying on business in Australia you may apply for EMDG provided you, among other criteria have spent a minimum of $15,000 on eligible export promotion activities during the grant year. If you are a first time applicant, you may combine two consecutive financial years’ in order to meet the threshold. The EMDG scheme provides up to 8 grants for each applicant.
What will you get?
You may be entitled to a grant of up to 50% of your eligible export promotion expenditure over the $5,000 threshold. A minimum grant of $5,000 and a maximum of $150,000 apply in relation to the amount that can be claimed annually.
What can you claim?
You may claim for expenditure on specific export promotion activities undertaken during the grant year which may include the following:
- Overseas representation;
- Travel expenses;
- Trade fairs, advertising and literature;
- Free samples; and
- Registration for patents and trademarks.
How quickly do I need to act?
EMDG claims for the financial year ending 30 June typically need to be lodged with Austrade by 30 November.
How can we assist?
RADBE Consulting is able to provide your business with the following services in relation to the EMDG scheme:
- Assess your eligibility including liaising with Austrade staff;
- Provide information and guidance about the claim process;
- Prepare the necessary documentation and submit your claim;
- Outline the documentary evidence that needs to be retained to substantiate the claims;
- Act as a point of contact and provide assistance through Austrade’s audit process.; and
- Provide ongoing business, strategic and technical advice as and when required.
How do I get the ball rolling?
For more information on eligible EMDG related activities and expenditure, please contact RADBE Consulting who will provide you with checklists, templates and be able to assist you further.