Austrade – Export Market Development Grant (EMDG) Changes
- EMDG has been increased to $50 million in total
- The export performance test for applications in 2019–20 grant year has been taken out
- Businesses incurring eligible EMDG expenses for promotional activities in 2019–20 will be able to seek reimbursement for 50% of these expenses without the Export Performance Test applying.
Applications can be made from 1st July 2020 through myGovID instead of Auskey.
What is the Victorian Business Growth Fund?
Together with First State Super and the Victorian Government, the fund is targeted at Small and medium businesses who are ready to grow their business but can’t access the funds or find the right partner they need to take the next step.
All applications and expressions of interest will be assessed and decided by Roc Partners, a specialised private equity investment firm. Roc Partners will invest in businesses on commercial terms and take either an equity or debt stake in businesses over providing a grant.
What businesses are eligible?
Please see below the eligibility criteria for The Victorian Business Growth Fund :
- Can demonstrate a Strong business case for growth in a Victorian business, fund growth of a business expanding into Victoria, lead to meaningful job creation in Victoria or add meaningful capital investment in Victoria
- have annual revenue of between $5 million and $100 million
- have no more than $250 million in assets
- have positive cash flow, or cash flow is expected to be positive during the investment
How to apply:
Please contact Roc Partners through their website to express your interests.
