The initial payment ceiling for the 2019–20 grant year for the Export Market Development Grants scheme will be $100,000. This is a significant increase on $40,000 in 2018-19 and is the highest initial payment ceiling since the split payment system was introduced in 1997.
What does this mean?
EMDG payments are made in two tranches:
- Tranche 1: an initial payment of grant entitlements up to an initial payment ceiling amount of $100,000
- Tranche 2: a second-tranche payment of grant entitlements above the initial payment ceiling amount (subject to available funds)
The initial payment ceiling is the maximum amount paid as a first instalment to reimburse exporters who have made eligible marketing expense applications through the scheme. The initial payment of up to $100,000 will provide exporters with a reasonably immediate cash flow.
Recipients for the 2019–20 grant year who have an entitlement up to and including $100,000 will be paid in full. Those with entitlements above this amount will receive a second tranche payment at the end of June 2021, the size of which will be determined at that time.
The EMDG scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industries. Please contact us if you would like further information about the program.