The initial payment ceiling amount
The Hon Steven Ciobo MP, Minister for Trade, Tourism and Investment, has determined the payment ceiling for the 2017–18 grant year will be $40,000. The initial payment ceiling is the maximum amount paid as a first instalment to reimburse exporters who have made eligible marketing expense applications through the scheme.
Recipients for the 2017–18 grant year who have an entitlement up to and including $40,000 will be paid in full. Those with entitlements above this amount will receive a second tranche payment at the end of June 2019, the size of which will be determined at that time.
The balance distribution date
The Balance Distribution Date (the date at which Austrade ceases assessing grant applications in order to calculate the second tranche payment) has been determined by the Minister to be 22 June 2018. Final payment outcomes for businesses entitled to a grant of more than $40,000 will not be formally determined until 26 June 2018, and communicated to claimants after that date.
More and more businesses utilising EMDG
The number of claims received this year increased 6.6 per cent above the previous year. Of the 3,771 applications, 38.3 per cent were submitted by first-year applicants. According to Austrade this shows healthy levels of export activity among new exporters.
Let's divide that into different sectors:
Client satisfaction survey of Export Market Development Grants (EMDG)
The survey was sent to 2,680 clients drawn from Austrade’s EMDG database, and recorded a response rate of 26 per cent.
The survey indicated that 97 per cent of respondents considered the grant had an advantage for their organisation, and 95 per cent said a grant enabled their organisation to become a more sustainable exporter.
68 per cent of respondents said their export promotion activity increased as a result of receiving EMDG assistance, and 31 per cent said it remained the same.
Original Update By: Australian Trade and Investment Commission
Are you an Australian business promoting your product or service to the international market? Austrade is providing assistance to businesses to further develop the Australian economy.
Don't underestimate your eligibility