Grants such as Commercialisation Australia and the Export Market Development Grant, which are already suffering funding issues, are under threat of being axed.
Wayne Swan announced a freeze on federal grants on Monday as it races to arrest a drop in revenue, due to a 37% drop iin Iron Ore prices.
Is the Government going to kill a programme that generates $12 of revenue for every $1 of Government support to increase revenue? Government should encourage more exports and increase support for Innovative Exporters.. Specifically Small Business!!
Killing these Grants will have a significant detrimental effect on innovative Small Businesses who have an export focus and use the EMDG to play on a Level Palying Field. More funding is needed at a time like this.
Pulling support of SME’s Government Innovation and Export Programmes , with a rising Dollar and a Flat World Economy is not the solution to build a robust economy!