Export Market Development Grant (EMDG) Update
EMDG review and plans to simplify the scheme announced
In October last year the government commissioned an independent review into the administration of the Export Market Development Grant (EMDG) scheme. The review is now complete and Simon Birmingham, The Minister for Trade, Tourism and Investment has now released the report to the public.
The Minister has accepted in principle all ten recommendations of the review. EMDG will be simplified and reoriented from a scheme providing assistance through reimbursement of past expenditure to an upfront grant agreement. This will give eligible exporters funding certainty before they embark on their marketing and promotion activities.
The reoriented EMDG program will maintain features valued by SME exporters and industry bodies, while making it simpler to access.
For more information visit Austrade’s website: www.austrade.gov.au/australian/export/export-grants/review
To read the Minister's Media release - click here.
What effect will these changes have?
Firstly, there are no changes to the EMDG program for 2019-20 and 2020-21 applications - the current arrangements will remain in place.
The new changes will apply for expenses planned after 1 July 2021.
Full details of the new EMDG program are not yet available, but our team is in close contact with the Minister's office and Austrade and will keep up to date with information as it is released. We will also provide updates on our website as soon as they become known.
If you have any questions about these changes, please feel free to contact any of our EMDG team across Australia directly.
To contact us visit: www.exportsolutions.com.au/contact-us/
Alternatively, you can arrange a time to talk with us here: www.exportsolutions.com.au/book-a-consultation/