Eligible South Australian exporters can take advantage of the Federal Government’s announcement that it will inject an extra $49.8 million into the Export Market Development Grants program (EMDG), to bring the total level of funding under the scheme in the 2019/20 financial year to a $207.7m.
The EMDG program provides support to:
- Encourage small to medium Australian businesses to develop export markets
- Reimburse up to 50 per cent of eligible export promotion expenses above $5,000 provided the total expenses are at least $15,000
- Provide up to eight grants to each eligible business
Critically, the funding allows businesses to apply for reimbursements for costs including the export of Intellectual Property.
For further information on the EMDG program and how to apply, visit the Austrade website.
For further information from Madderns, please see the following link: Media Release – Export market development grant scheme increases support for businesses
If you would like to speak to one of the experienced team members at Madderns to find out how we can be of assistance, please call 8311 8311.