Export website launched to help SMEs
Minister for Trade Simon Crean has launched a new website designed to assist small to medium exporters with finding the most appropriate finance options for their business needs.
The Export Finance Navigator (www.exportfinance.gov.au) allows SMEs to find independent information on financing options for their exporting activities or international investments through an easy-to-use interface that connects with a wide range of sources.
The tool is an initiative of government export credit agency, the Export Finance and Insurance Corporation (EFIC), developed in response to the 2008 Review of Export Policies and Programs by David Mortimer.
“Being better informed about their export finance options will help give Australian businesses operating in overseas markets a more solid financial foundation and contribute to their continued international success,” said Angus Armour, CEO and managing director of EFIC.
He added that the portal was also a response to exporters’ feedback, which indicated that SMEs were “not sure where to begin looking for information about export finance”, and often didn’t know about available government assistance. “Export Finance Navigator gives them the starting point they need to learn about export finance,” he said.
The website divides the exporter’s journey into six stages—preparing for export, finding markets, winning contracts, financing production, getting paid and expanding overseas—so users can identify which stage they’re at and find the appropriate export finance solutions.
The Navigator also provides information on the grants and tax concessions available to exporters from federal, state and territory governments.