Understanding the Export Market Development Grant

A business owner who is a sole trader sent me an email saying that the Export Market Development Grant is open for applications and that he was interested in applying. He indicated that his accountant thought that only companies could apply. For this reason, this business owner referred to me for clarification.

I believe that the following reply which I’m about to share could help shed a light to many other SMEs regarding this grant.

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 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.

Round 4 of the Export Market Development Grant opens on Tuesday 12 November 2024, and applies to two (2) financial years – 2025/26 and 2026/27. AusTrade has announced that this round will close when the funding has been fully allocated, with APPLICATIONS ASSESSED IN THE ORDER THEY ARE RECEIVED.

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:

Strategies for 2024 – Issue 031

Sourcing Funding for the New Grant – Issue 032

Succession, Governance and Disasters – Issue 033

Navigating 2024 Challenges – Issue 034

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

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.