Minister for Trade and Investment Andrew Robb, confirmed today that the initial payment ceiling for the grant year 2013–14 for the Export Market Development Grants scheme would be $60,000.
The initial payment ceiling is the maximum amount paid as a first instalment to reimburse exporters who have made eligible marketing expense claims through the scheme.
“The Coalition Government wants to boost the competitiveness of Australian business by building Australia’s manufacturing export base, and is therefore progressively restoring funding to Export Market Development Grants, allocating an initial $50 million boost over four years commencing in 2014–15,” Mr Robb said.
“That means eligible businesses can plan their exporting efforts in the knowledge that adequate funding for EMDG grants will be available to support them.
“An initial payment of up to $60,000 provides exporters with a substantial immediate cash flow and those with entitlements above this amount will receive a second payment at the end of June 2015, the size of which will be determined at the time,” he said.
The Coalition is committed to ensuring Australian business can compete on a world scale by creating an economic environment that supports the growth of the private sector and facilitates further trade and export activity, and the EMDG program is an important function of this.
- Trade Minister's Office: (02) 6277 7420
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