Findings of the review of financial assistance to SME exporters

The Review findings were:

  • Providing financial assistance to SME exporters has a strongly positive impact on their performance.
  • The principles of the EMDG scheme remain relevant.
  • Each SME’s export journey is unique, and assistance needs to reflect this. Financial assistance needs to change along the export journey. The program should be re-targeted and have two tiers:
    • SMEs who are new to export, and
    • expanding exporters with a turnover of less than $20 million.
  • The administration process needs to be simplified and streamlined.
  • Financial assistance makes a difference
  • The principles of EMDG are valued
  • SMEs are not always ‘export ready’ when they access financial assistance
  • Financial assistance needs to change along the export journey
  • Businesses want certainty
  • The timing of a payment is important
  • EMDG scheme administration is too complex
  • Non-financial assistance is just as important as financial assistance – for all exporters
  • Many SMEs do not know about the government export assistance that is available
  • Industry bodies have an important role to play