Statement on EMDG budget boost
The Export Council of Australia (ECA) welcomes the government’s announcement to increase funding of the Export Market Development Grant (EMDG) scheme.
‘The EMDG is one of the major government policies to help Australian SMEs go global’, said Heath Baker, acting CEO of the ECA. ‘Its objective is to boost
the confidence of SMEs so they take the plunge and start exporting. But when businesses don’t know how much of their grant entitlement they will get
back, it undermines the scheme’s objective.’
A 2015 study by KPMG found that for every $1 the government spends on EMDG, the economic benefit to Australia is $7.03.