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There is fantastic news for Queensland SMEs!

Annastacia Palaszczuk, Queensland Premier and Minister for Trade launched the Trade and Investment Queensland (‘TIQ’) Go Global Export Program on Thursday 6 Feb 2020.

What does this mean for you?

The Go Global Export Program makes $1 million in grants available to Queensland-based small and medium-sized enterprises (‘SMEs’) who are looking to enter a new international market.

TIQ will provide two level project funding, Micro Export Grants up to $5,000 (excl. GST) and Macro Export Grants up to $25,000 (excl. GST).

What are the eligible project costs?

• Export business advisory services and tools;
• Costs of product testing and redesign, packaging and labelling required to meet an export market requirement;
• Support to gain export accreditation and Free Trade Agreement documents (expenses incurred to gain various export-related accreditation for, but not limited to, Good Manufacturing Practice, Hazard Analysis Critical Control Point or Halal accreditation);
• Cost of a trial export program – e.g. logistics involved in delivering the first export activity in a new market;
• Costs associated with product approvals, installation, training, operations, and maintenance required for a new client/market (travel is only accepted for these defined activities and not any business development purpose);
• Professional advice (legal, accounting, financial) on contract negotiation, IP advice, counterfeit protection, attracting funding to scale up to meet demand.

When can you apply?

Applications commenced on 7 February 2020 and closes at 1.00pm on 30 May 2020.

These funds could significantly assist your business growth — but the challenge is knowing where to look and how to apply.

If you are interested in this opportunity, please reach out to us via our contact details below:

John Driscoll –johnd@primefinancial.com.au

Sean Fincham –seanf@primefinancial.com.au

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