Australia’s Federal Minister for Trade and Competitiveness Dr Craig Emerson announced last week that those exporters who successfully applied for grants of up to $60,000 would receive the full amount under the budget allocation for the 2012–13 financial year, $10,000 more than in 2011–12.
The Export Market Development Grants (EDMG) scheme is designed to help small and mid-sized businesses with the costs of promotion and marketing of their international operations.
“An initial payment of up to $60,000 provides recipients with a healthy immediate cash flow, which is always welcome at smaller companies,” Dr Emerson said.
In the 2010–11 Budget, the Gillard Government extended the EMDG scheme for a further five years, to 2015-16, at $150 million per year.
“The Government is committed to helping Australian businesses to compete internationally,” Dr Emerson said.
