Government Grants Funding

There are many sources of Australian federal government grants funding available for midmarket businesses. Some of the major sources of government grants funding are outlined below:

EFIC – Export Finance and Insurance Corporation for companies with turnover of less than $150m

Supports companies with export contracts

• Small and medium enterprises (SMEs) that are exporters
• Australian companies in an export supply chain
• Australian companies looking to expand their business operations overseas to better service their clients
• Australian companies operating in emerging and frontier markets

EMDG – Export Market Development Government Grants

Encourages small and medium-sized Australian businesses to develop export markets

• Less than $50m in revenue
• reimburses up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000
• provides up to eight (8) grants to each eligible applicant.

R&D Tax Incentive

Supports Australian R&D including man hours invested and associated materials

• 45% refundable tax offset for turnover of less than $20m and 40% non-refundable offset of turnover of more than $20m
• R&D deduction of a least $20,000

 Government Grants Funding Assistance

A wide range of government grants programs are available to support business growth including:

• Entrepreneurs’ Infrastructure Programme
• Growth Fund
  • Automotive Diversification
  • Next Generation Manufacturing Investment
• Manufacturing
• Regional Innovation
• Small Business Advisory Services
• Venture Capital

Speak to your advisor or contact business.gov.au (AusIndustry has been merged into a single government department along with a number of other business support departments) to explore what government grants funding support is suitable and available for your company.