Secure Export Funding: EMDG Applications Now Open

AusTrade has opened Round 4 of the Australian Government’s Export Market Development Grant on 12 November. Applications will be assessed on a first come, first served basis, until the allocated funding is fully committed through grant agreements with eligible SMEs.

The Export Market Development Grant is available to any Australian-based business with a valid ABN. They could be a sole trader, partnership, trust, company or cooperative, as long as their maximum turnover for the 2023/24 financial year is $20M.

Eligible businesses can apply under the tiers relative to this grant.

Tier 1: the applicant is ready to export and has not previously exported. The applicant is required to have an annual turnover of more than $100,000 for the 2023/24 financial year.

Tier 2: the applicant is already exporting and expanding their marketing and promotional activities within the existing markets. The applicant is required to have an annual turnover of more than $500,000 (Australian and international sales) for the 2023/24 financial year.

Tier 3: the applicant is already exporting or promoting eligible products and seeking to expand export promotion activities, and make a strategic shift in the marketing or promotion of eligible products in a foreign country. The applicant is required to have an annual turnover of more than $1M for the 2023/24 financial year.

Our associated entity, ESS BIZTOOLS, presented a webinar, providing a closer look of the Export Market Development Grant. Although the webinar was presented to target accountants, bookkeepers and advisors, the bulk of the presentation relates to SMEs.

CLICK HERE TO WATCH THE WEBINAR

Towers Business Development can assist with the process of the preparation of an Export Market Development Grant application. To find out more, contact us on 07 4724 1118 or email .

Would you like to access the previous editions of Improving Your Business?

Visit our website – www.towersbusiness.com.au – or click on your preferred article below:

For Many the Capital Raising Journey Commences with Section 708 – Issue 038

Implementing Processes Similar to Large Businesses Helps SMEs – Issue 039

Continuous Improvement Is a Great Target – Issue 040

Financial Data Helps the Leadership Team – Issue 041

A Board of Advice Helps – Issue 042

Companies Undertaking R&D Report Deadline

Understanding the Export Market Development Grant

Fiscal Management Skills Essential for Business

Have you got a topic that you would like to know about?

Please do not hesitate to contact us on 07 4724 1118 or email and we will endeavour to answer your queries and we could even feature them on our next edition of Improving Your Business.

Alternatively, we can arrange a complimentary initial consultation via Zoom, at a mutually suitable date and time.