Prioritisation Framework
The Prioritisation Framework (the Framework) is used to guide which activities Austrade funds and supports, based on an assessment of the impact of the activities and value-for-money.
There are 5 criteria in the Framework:
1. Size and economic importance of the sector
Larger sectors would receive relatively more funding than smaller sectors, all other things being equal.
2. Extent of impact from global trade change
Sectors that have been more significantly affected by higher tariffs or other trade restrictions would receive relatively more funding, all other things being equal.
3. Opportunity to diversify and build resilience
Sectors that have a greater potential to successfully build new markets, or strengthen resilience in existing markets, would receive relatively more funding, all other things being equal.
4. Capacity to successfully deliver through Austrade or relevant peak body
Funding would be prioritised to activities where Austrade or the relevant peak body has a previously demonstrated capacity to successfully deliver export diversification and market expansion activities.
5. Impact and value for money
Sectors where government assistance is anticipated to have a larger proportionate impact on the diversification of exports, including by leveraging co-investment from industry, would receive relatively more funding, all other things being equal.