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Mitchell & Co Winter 2020 Newsletter

by Updates

More Good News for Exporters!

Grants up to $100,000 to be paid in full!

While the World is a now a changed place for everyone, we continue to rejoice in EMDG wins that benefit our battling Aussie Exporters.

Yes, you read right – Austrade have announced the 2019/2020 payout factor for EMDG applications will be up to $100,000. This is the biggest payout factor in the history of EMDG.

With that being said, the July, 1 EMDG Portal gates have opened and the horse has bolted. We are already working on a number of applications and like many of you, are keen to lodge as many as we can, as early as we can.

The EMDG portal has undergone some major changes and we are working our way through any teething issues. We discussed this and the rule changes for the 2020 grant year in our latest Newsletter.

Read our Winter 2020 Newsletter to find out more:

Mitco Newsletter June 2020 – Winter Edition

 

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Pressing Trade Matters with China

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Like much of our export community, we have been closely watching the developments between Australia and China in light of the recently publicised beef and barley trade matters. 

We would like to take a moment to commend the efforts of Trade Minister Simon Birmingham in promoting the value of Australian exports to China. 

We wish the Minister well in pursuing an open dialogue with Chinese counterparts and hope the issues can be resolved soon. 

Minister Birmingham offered some sound advice to exporters during these challenging times; 

  “I would, of course, encourage businesses, where they can see equal reward or similar reward, by spreading their risk across numerous markets, to do so. And that that would be wise business practice.” 

Good advice! 

Talk to us today about how your export business can maximise its return on international marketing investment!

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EFIC Support for Australian Exporters Impacted by COVID-19

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Many of our Clients ask us about export loans.

We are here to tell you that in the midst of the Covid-19 crisis, struggling export businesses will now have access to funding under a new facility administered by Export Finance Australia (EFIC).

  “The Facility will provide loans between $250,000 and $50 million to established and previously profitable exporters who, due to COVID-19, are unable to gain finance from commercial sources.”

To find out more, read the full Press Release via this link: https://lnkd.in/gB5C-xw

To take advantage of the EMDG scheme or to find out if you’re eligible, get in touch with us today!

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Owen Johnston, Screen Producers Australia (SPA), talks to Stuart about the benefits of EMDG in Creative Industries

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Stuart recently ​caught up with Screen Producers Australia (SPA) Consultant, Owen Johnston, for the latest SPA Takeaway Series to discuss the latest Export Market Development Grant (EMDG) measures and how it can be accessed in these changed times.

To find out more, watch the interview here:

To take advantage of the EMDG scheme or to find out if you’re eligible, get in touch with us today!

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Some Good News For Exporters In The Face Of Adversity

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It turns out the pen is mightier than the sword after all!

We are today applauding the Trade Minister for his swift response and action to helping exporters doing it tough amid the COVID-19 crisis.

The Morrison Government has today announced the injection of a further $49.8 million into the Export Market Development Grants (EMDG) scheme in the 2019-20 financial year. This brings much relief to us, our client base, and the wider export community whose businesses have suffered due to the global Pandemic.

Further, some rule changes will come into effect going forward, making it easier for exporters to access these funds sooner rather than later.

To find out more, read our latest Mitco Newsflash Here.

To read the full announcement via the official Media Release, click Here.

Picture Credit: The Canadian Press

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EMDG 2019 Review Submission by Mitchell & Co

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As we have mentioned in our recent newsletter, the EMDG scheme is under review. After some intense lobbying and late nights with a full glass of red, we have now submitted our report to the EMDG review team.

Just like Colonel Light, we have surveyed the lay of the land and suggested our vision for the future of the EMDG scheme.

Thank you to all our client base who contributed by attending the State review sessions and sending in submissions via the online portal.

Our collective views will help inform Mrs Fisher and the review team when considering the effectiveness and efficiency of the scheme we live and breathe daily!

You can read our full submission via the link here:

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*picture reference adelaidecitytour.com.au.