Export Market Development Grant: applications open soon
Peter Towers
Founder of ESS BIZTOOLS Pty Ltd | Certified Public Accountant | Business Advisor | Mentor and Coach
The Australian Government’s next round of the Export Market Development Grant opens on Tuesday 12 November 2024 at 10am AEDT. Funding is limited, so as accountants and business advisors, it’s crucial that you communicate to your eligible clients, to encourage them to prepare and submit applications promptly, as grants will close once the budgeted allocation is met.
Eligibility Criteria
Open to SMEs with a turnover of less than $20M in 2023/24 Financial Year.
Businesses must be involved in exporting goods, services, events, Intellectual Property, software, or ‘know-how’ from Australia, or offering services to overseas residents.
Grant Support Tiers
Tier 1: For new exporters with turnover over $100,000. Requires an Austrade approved export-readiness training, which is reimbursable.
Tier 2: For businesses expanding export activities in existing markets with turnover over $500,000.
Tier 3: For businesses entering new ‘key markets’, described by Austrade, with turnover over $1M, focusing on strategic export shifts.
Each business can apply under one tier per round and must have held the same ABN for at least two years.
Grant Period and Funding Levels
The grants cover a two-year period (2025/26 and 2026/27). Funding per year is as follows:
Tier 1: $20,000-$30,000
Tier 2: $20,000-$50,000
Tier 3: $20,000-$80,000
Businesses can receive up to $770,000 over eight years (not necessarily consecutive).
Application Requirements
Each applicant must submit a tailored ‘Plan to Market’ document detailing:
The ‘Plan to Market’ must be unique to each applicant, as per Austrade’s guidelines.
Eligible Expenses
Reimbursable expenses include:
Export Market Development Grant Information Webinar
ESS BIZTOOLS presented an informative webinar, providing an in-depth information on Export Market Development Grant, and how you as an accountant and business advisor to SMEs can generate profitable revenue by providing assistance with their application process.
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BIZ AID by ESS BIZTOOLS
ESS BIZTOOLS has developed the Export Market Development Grant Product Package that you can utilise to not only assist your SME clients with the grant application process, but to provide opportunity for an income for your firm (our Managing Director, Peter Towers, believes that a professional fee of $500-$1,000 plus GST per client is adequate).
This package is available for $250 (plus GST) for a 12-month access, and can be utilised for as many clients as you wish.
CLICK HERE to find out more and to subscribe.
Remember, applications open on Tuesday 12 November at 10am AEDT.
Visit our website – www.essbiztools.com.au – to discover the detailed overview of the services provided by ESS BIZTOOLS. You are also welcome to contact us on 07 4724 1118 or email peter@essbiztools.com.au.
Alternatively, book a complimentary Zoom meeting with our Managing Director, Peter Towers.
Small Business Equity Financing for Accountants, Business Advisors and Virtual CFOs
The Small Business Equity Financing for Accountants, Business Advisors and Virtual CFOs was developed by Peter Towers, Managing Director of ESS BIZTOOLS, in collaboration with CPD for Accountants.
SMEs are increasingly exploring equity financing to meet their growth requirements. Unlike traditional debt financing, which imposes a burden of ongoing repayments, equity financing provides capital without the need for regular financial liabilities. This form of financing is particularly appealing to businesses that seek to scale, develop new products, or enter new markets.
As an Accountant, Business Advisor, or virtual CFO, you are often the trusted professional that clients turn to when navigating the complex landscape of equity financing. These businesses, ranging from start-ups to companies with revenues up to $100M, rely on your expertise to help them understand, secure and manage equity funding. From private investments and government grants to venture capital and crowd sourced funding, each financing option comes with unique requirements and opportunities.
This series outlines key equity financing options for SMEs, providing client profiles and service opportunities where you, as a trusted advisor, can add value relating to:
Now is the time to explore how these funding opportunities can benefit your clients. Why not take the first step? Visit CPD for Accountants and explore the comprehensive resources on EQUITY FINANCING, and learn how to position yourself as an indispensable partner in their growth journey. Find out more below.
Want to know more?
Visit www.essbiztools.com.au.
If you would like to have a discussion about how this concept of virtual CFO services can be supplied by Australian accounting firms please ring our Managing Director, Peter Towers, on (07) 4724 1118 and we will arrange a complimentary 45-minute Zoom meeting to discuss your firm’s position and to give you our advice.
We believe that this is the blueprint for the delivery of an enhanced range of services by Australian Accounting and Bookkeeping firms to assist SME businesses to add value to their businesses and to assist accountants and bookkeepers not only to attract but to retain outstanding talent who want to be involved in the delivery of “real accounting services”.
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