Deadline approaches on higher export grants
Businesses seeking to take advantage of increased export market funding are encouraged to move quickly, with the deadline for applications of up to $200,000 under Austrade’s Export Market Development Grants (EMDG) looming at the end of November, says accounting and advisory firm BDO Kendalls.
BDO Kendalls executive director Cameron MacMillan, who heads the firm’s International Business Division, said small and medium-sized enterprises had less than 40 days to register applications for the 2008/09 grant year.
“This year, exporters can benefit from a number of changes to the scheme, including an increase in the maximum turnover from $30 million to $50 million, a reduced minimum expenditure threshold of $10,000, and a $50,000 increase in the maximum grant to $200,000,” he said.
“Many previous applicants may not be aware that they can now claim for up to eight grants, while the Government has also made it easier for services exporters to claim under a new ‘non-tourism services’ category. New exporters can combine marketing spending over the 2008 and 2009 financial years to meet the threshold, but they need to lodge claims before November 30.”
For more information on the EMDG scheme, see Austrade’s EMDG site.
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