$49.8 million funding boost for EMDG

The Trade Minister has just announced that the Morrison Government will inject an extra $49.8 million into the Export Market Development Grant (EMDG) program in the 2019-2020 financial year. This will allow Australian businesses to get additional reimbursements for their international marketing costs.

Federal Trade and Tourism Minister Simon Birmingham said today’s funding boost would provide much needed relief and a timely cash flow injection for exporters and tourism businesses within the scheme who were doing it tough.

We recognise the current COVID-19 crisis is placing immense pressure on Australian exporters and tourism businesses, many of whom felt the earliest and deepest aspects of the economic downturn,’ Minister Birmingham said.

‘This extra $49.8 million to supplement the additional $60 million already committed by the Morrison Government will bring EMDG funding to its highest level in more than 20 years at $207.7 million for the 2019–20 financial year.’

The Minister also announced that for next years grant application (which we can lodge for you from 1 July 2020);

  1. The Export Performance test will be waived – so if you are applying for your 3rd or later grant, you do not need to worry about whether you have sufficient export sales revenue to meet that test
  2. You will be able to claim expenses paid for events even if the events have been cancelled.

To read the Media Release from the Trade Minister – click here.

The Minister and his team have been incredibly receptive and responsive to our approaches with regard to additional funding so we thank them, and all others, contributing to this outcome.

If you would like to speak to us about how this announcement may affect your current or future EMDG claims please call our team below.

New South Wales & ACT:
Gemma Hansen
E: [email protected] 
M: +61 (0) 414 616 696         
  

Susan O’Connell
E: [email protected] 
M: +61 (0) 401 770 889

Queensland:
Lina Lamont
E: [email protected]  
M: +61 (0) 418 886 119

Victoria:
Katarina Dayoan
E:  [email protected]  
M: +61 (0) 414 977 775

Western Australia:
Simon Norris
E: [email protected] 
M: +61 (0) 439 941 473