Have you heard about Austrade's Export Market Development Grants?

The scheme exists to assist current and aspiring exporters across a wide range of industry and product sectors in Australia.

So what does this mean for the Textile, Clothing and Footwear industries? Plenty!

The EMDG scheme:

  • Encourages small and medium sized Australian businesses to develop export markets
  • Reimburses up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000
  • Provides up to eight (8) grants to each eligible applicant.

Who can apply? 

Well you can! If you're an Australian individual, partnership, company, association, co-operative, statutory corporation or trust that has carried on export promotion activities during the year.

It's worth noting, this is a reimbursement grant. To be eligible, your business must have:

  • Income of not more than $50 million in the grant year
  • Incurred at least $15,000 of eligible export expenses under the scheme (first-time applicants can combine two years worth of expenses)
  • Principal status for the export business (some exceptions apply, eg. non-profit export focused industry bodies)

You also need to make sure your business has promoted one of the following:

  • The export of goods and most services
  • Inbound tourism
  • The export of intellectual property and know-how
  • Conferences and events held in Australia

Sometimes these things can seem a bit complicated and overwhelming. But luckily, Austrade have anticipated this and developed a series of videos to clarify the entire scheme and process. You can check those out here.

The Export Market Development Grant could prove a great opportunity to support the growth of your business. If you might already fit this bill, applications for the 2014-2015 grant year must be launched between July 1st and November 30th, 2015.

For more detail see the links below;

Thanks for reading!