Sharp increase in demand puts pressure on export grant funding (Ministerial)
Media release
26 March 2010
The Minister for Trade Simon Crean today advised that the popular Export Market Development Grants (EMDG) scheme has attracted an unexpectedly high number of applications from Australian exporters this year.
The extra demand demonstrates the success of Australian exporters in weathering the Global Financial Crisis but it also means there is a funding shortfall for larger grant claims.
“We are now faced with a shortfall in funds to cover claims above $50,000”, Mr Crean said.
Read the full media release at:
http://www.trademinister.gov.au/releases/2010/sc_100326.html
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