Funding for the popular Export Market Development Grant program will be cut by $61 million over the next four years, with the savings to be redirected to other federal government priorities.
According to the 2023-24 federal Budget, Austrade administered payments for the scheme is being cut by $75.8 million overall, with the difference made up by $14.8 million in new departmental payments.
This means the total administered payments for the scheme in 2025-26 and 2026-27 will fall to $110 million. Administered payments will fall by $47.9 million and $27.9 million, respectively.
Close
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Already a member? Login
Do you know more? Contact James Riley via Email.