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Billion-dollar export boost from Budget's grant allocation

Billion-dollar export boost from Budget's grant allocation article image

The $50 million Budget allocation to boost Austrade's Export Market Development Grants (EMDG) scheme represents a billion dollars in export, says Michael Rogers, chairman of the Export Consultants Group and board member at the Australian Institute of Export. "Based on calculations that were presented in the recent Mortimer report, this will result in an additional $1 billion boost to export earnings for Australia," he says. "This is a great outcome for exporters who have been lobbying the government for some time to top up the EMDG funding which was left short by the previous government." Rogers says the funding is the 'real' stimulus package business have been waiting for. "EMDG has been the major source of government assistance to exporters for over 30 years and it has always been found to produce positive results by each of the review panels that have researched the outcomes of the scheme over that period," he notes. The additional funding indicates the government's regard of the small to medium export sector, said Rogers.

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