The extended application period for Export Market Development Grants (EMDG) applications closed at the end of February and the increasing number of applications continues to demonstrate the scheme’s popularity.
The number of claims received this year increased 6.6 per cent above the previous year. Of the 3,771 applications, 1,444 were submitted by first-year applicants, an increase of 13.6 per cent from the number of first-year applicants last year, and approaching double the number recorded in 2013.
This popularity of the scheme among new applicants shows healthy levels of export activity among new exporters.
If you would like to hear how Alchemise Consulting qualified last year under the EMDG scheme, we would be glad to share the process involved and guidelines.
- Are you a business owner wanting to increase your marketing budget or already have invested some costs to explore growth opportunities in new export markets?
- Are you limited by cashflow to develop an export marketing strategy, implement more regional or global marketing initiatives or already have budget committed to other areas within your business?
- Are you a marketing manager with bigger plans than your allocated budget permits and feel like there must be another way to generate better ROI?Consider thinking outside the square to boost your marketing budget by potentially qualifying for federal government funded grants and assistance. The EMDG is an initiative available to small-to-medium businesses that meet certain criteria, which could provide a funding boost for your marketing spend and strategic initiatives.
The EMDG offers reimbursement across defined categories for up to 50% of promotional expenses for companies who are exporting their goods or services and seeking to increase their international sales. Reimbursements are available for promotional spends between $15,000 and $150,000 throughout a one year period, although first-time applicants can combine two years of expenses to qualify for 2016/2017 and 2017/2018 financials.
Some companies may also be eligible to apply for a Research and Development Tax Incentive, or a Business Growth Grant, depending on the nature of your business activities and separate qualification criteria.
Each of these incentives may provide your company with the necessary budget boost you are searching for in order to fund required marketing strategies and activities for this or next financial year.
Don’t miss out! Register below for a free funding EMDG eligibility assessment – find out if you might qualify to access this valuable funding boost!