How Is The Export Market Development Grant (EMDG) Calculated?
Through EMDG claimants receive back 50% of the eligible expenditure above $5,000, although a mimimum of $15,000 of marketing expenditure is required. Below is a worked example.
Overseas Representative $35,000
Marketing Consultant $10,000
Trade Show Costs $ 5,000
Promotional Literature $25,000
Total Eligible Expense $90,000
Subtract $5,000 gives $85,000
50% of $85,000 is $42,500. Therefore the approved grant amount is $42,500.
In the 2017-2018 EMDG year grants of up to $40,000 will be paid on approval. Any amount above the $40,000 will be paid toward the end of June 2019 depending on available funding.
The initial grant amount to be paid for the 2017-2018 year will be announced toward the end of June 2019.