The Australian Government’s Export Market Development Grants (EMDG) program is reopening for Round Four in November 2024 with significant updates.
This flagship program, which aids Australian SMEs expanding into foreign markets, will now feature new eligibility criteria, revised grant amounts, and a first-come, first-served application process.
Grants of up to $80,000 per year will be available, with over $200 million allocated across two financial years. Key changes include updated minimum turnover requirements and a focus on strategic key markets.
Round four introduces updated grant guidelines and eligibility criteria. There will be different opening dates for representative bodies and each tier.
Here’s what you need to know:
Applications will close when the allocated funding for each tier is fully distributed. Austrade will provide regular updates on the portal and their website regarding the application status.
BDO Director, R&D and Grants, Melissa Fardone said all applicants, including those who have received a grant before, should understand the new rules and eligibility criteria.
“It is important to apply early to secure a grant as applications for all tiers will close once funding is fully allocated,” Fardone said.
“Recipients must keep payment records of all eligible expenditure and be able to explain how the costs relate to the conditions of your grant agreement. Eligible applicants will be required to provide a milestone report before Austrade makes a milestone payment. The report must be submitted in-line with the timeframes detailed in the grant agreement.
“BDO’s team of R&D and Government Grant specialists can help recipients understand the new changes and assess which expenses are eligible under the program. If you have any questions about the new EMDG Round Four changes or any other government grants, please contact us.”
Successful applicants will receive grant agreements for up to two financial years, covering planned expenditure from 2025–26 to 2026–27.
For this grant opportunity (Round Four), up to $104.5 million will be available in 2025-26 and up to $104.5 million in 2026-27 for grant allocations.
Following extensive reviews, analysis and stakeholder consultation, changes have been made to EMDG and the application process from Round Four.
The key changes include:
New changes have been made to eligibility for SMEs including:
Minimum turnover requirements:
Additionally:
EMDG grants are available in three tiers, including Representative Bodies Grants. They are designed to provide different levels of support as you grow your export markets throughout the different stages of your export journey.
The three tiers of EMDG grants for small and medium enterprises (SMEs) are:
For Representative Bodies (organisations or associations promoting the interests of a group of Australian businesses), you may be eligible for a grant in Round 4 if you do one or both of the following: