Below is a summary of planned changes.
Those of you familiar with the program will be aware that historically you would apply for relevant activity that occurred in the past year. The changes reorient the EMDG to a more traditional grants scheme with upfront funding agreements for eligible exporters.
The key differences in new program are:
You can also distinguish which tier your business falls into based on the following:
This tier will require that you demonstrate that you are ready to export through relevant training or through your understanding of what it takes to export.
This tier will require that you demonstrate you have a plan to expand your marketing for your product and that you have already exported your product or service.
This tier will require that you demonstrate you have a plan to expand your marketing for your product by making a strategic shift.
This tier will require that you demonstrate you have a plan to market your members products (if you are applying for funding to undertake marketing). Your plan must be for the products your members have a designated connection.
Alternatively demonstrate that you have the skills and experience to train members to become ready to export (if you are applying for funding to undertake training).
Once approved you will enter into an agreement with the government.The agreement will identify:
Approved applicants will need to demonstrate that they have spent money on eligible expenses to support their export plans. The agreement will set out when you get the money. Austrade may ask for information in relation to expenditure to support the milestone payments.
Prime is watching these changes and the associated guideline development closely.
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