Review of financial assistance to SME exporters
The federal government has announced that it will undertake a review of the Export Market Development Grants (EMDG) scheme and Australian Government financial assistance to SME exporters.
The review will take a broad approach and examine the most effective and efficient way the Government can best provide financial assistance to SME exporters to promote their products and services overseas and enter new export markets. This is a key pillar in implementing the Government’s agenda to increase the number of exporters by 10,000 over the next three years and create an additional 250,000 trade related jobs over the next five years.
While the Government boosted the EMDG scheme by $60 million in the 2019-20 budget, the scheme has not seen significant reform in over 40 years. The review will consider how Government can make it easier and simpler for businesses to access support, consistent with the Government’s commitment to streamline service delivery.
The Review will seek the views of exporters and any interested parties through a series of face?to?face consultations around Australia, webinars and calls for online written submissions, commencing in October 2019. If you EXPORT or intend to EXPORT then you are URGED to participate in the consultation.
The Review will also take into account research to explore the impact financial assistance can have on exporters and to understand the characteristics of successful exporters
The report will be presented to Government in March 2020.
For more information about the Review, please visit:
- Reviewer and advisor biographies
- Terms of Reference
The Reviewer is finalising the consultation schedule.
To register your interest in participating in the consultations, please email [email protected]
AFA partners, Treadstone, offers assistance to exporters.