The government has allocated an additional $50m towards the successful Export Market Development Grant (EMDG) boost to help SME’s expand their export markets.
Other changes to the EMDG scheme announced will see the expense threshold reduced from $10,000 to $5,000 which reduces the minimum expenditure for an eligible claim from $20,000 to $15,000. The number of grants available to eligible businesses will be increased from seven to eight.
The EMDG scheme provides small businesses with a refund of 50 per cent of eligible export market expenditure. Austrade have acknowledged Pattens expertise in the EMDG by awarding 3 staff with best practice export grant consultant status.