The Export Assistance Grant provides exporting businesses in NSW with funding to help them access global markets. In this article we will give you the important details so you can decide if you will pursue this grant and know how to get the full amount you’re entitled to.
How much is the grant worth?
This grant reimburses 50% of eligible expenses, up to a maximum of $10k, for expenses already incurred in the calendar year (i.e., since 1st January) of the application. You can either submit one application up to the maximum $10k, or multiple applications (minimum of $2k for each application).
To be eligible for the NSW Export Assistance grant, you must:
- Have a NSW-registered ABN, be based in NSW, and registered for GST
- Be currently exporting (or for past 2021 applications, were exporting prior to the impacts of COVID-19, bushfires or drought)
- Employ at least 3 full-time equivalent workers at the time of application
- Own the goods/services to be exported, or be able to provide documents showing that you are the agreed export supplier
- Produce the goods/services to be exported in Australia, or be able to provide documents showing that the business provides substantial value to NSW
- Be an exporting business that has an annual turnover of up to $100 million
Activities eligible for funding are:
- Marketing materials: design, trademark, copyrighting and printing costs for business cards, brochures, product sheets, presentations, banners, and signage produced specifically for overs eas markets; costs associated with the production of corporate videos and online presentations for international markets; overseas social media marketing; and translation costs for non-English speaking markets, for
the aforementioned activities.
- Website internationalization: Expenses associated with making changes to your website for international markets (e.g., language translations and tailoring localized products and expertise)
- Pivoting to online delivery: Costs associated with converting face-to-face training content to online delivery (e.g., design, development, production, and accreditation of online content for international audiences)
- E-commerce development: Costs of working with a third party to develop and implement an international e-commerce platform.
- Market research: Costs of working with a third party (e.g., Austrade or verified international consultants) to conduct market research into opportunities and barriers in targeted overseas markets, and facilitation of business matching with overseas partners/buyers (but travel, accommodation and per-diem expenses for a third party are not eligible).
- International tradeshows and trade missions: cost of hiring exhibition space for an international trade show, entry and project management fees associated with
participating in trade shows, trade missions and business programs including eligible international trade shows held in Australia. This could include online tradeshows and virtual/online business matching.
- Inbound business support: Costs of hosting incoming buyers in NSW (e.g., hiring local facilities, economy domestic travel, and standard accommodation for no more than two approved inbound buyers; however, food and beverage costs are not eligible)
- Costs to support compliance/localization of products for export (e.g., for new packaging)
- Costs to protect business in international markets (including insurance and IP protection)
Funds will be allocated to eligible applications from a limited funding pool in the order they are received by Service NSW, so it is always best to submit your application as early in the calendar year as possible to avoid missing out.
The Grant is offered alongside the Federal Government’s Export Market Development Grant (EMDG) administered by Austrade. Applicants may be eligible to apply for both the Export Assistance grant from the NSW government and the EMDG from the Federal Government. Applicants are encouraged to apply for both grants (where eligible) but are advised that ‘double dipping’ is not allowed. So as long as you don’t receive the grants for the same expenditure, you could certainly apply to receive up to $150k per year (for a Tier 3 applicant) for the EMDG and the maximum of $10k for the NSW Export Assistance grant (i.e., a minimum total spend of $320k to receive 50% or $160k combined from the EMDG and NSW Export Assistance grant). Applications are done online through your MyServiceNSW account.
If you’re looking to grow your company by expanding your export potential, you know you need the best advice to keep moving onward and upward. Fullstack has the knowledge and expertise to keep you on the right path by ensuring you receive the right advice and all the grants, incentives, and rebates you’re entitled to.