New support available for Territory exporters
The Northern Territory Government has today announced a new grant program to enable Territory businesses to establish or expand their exporting capabilities.
The Global Trade Scheme will provide targeted support to help Territory businesses overcome export hurdles and drive sustainable growth.
The grant program includes three streams of support for businesses that are at the beginning of their export journey and for export ready businesses wanting to grow and expand and diversify into new markets.
Each stream is based on a 50:50 co-contribution basis:
- Stream 1
Grants of up to $3,000 to assist businesses to become export ready.
- Stream 2
Grants of up to $10,000 to assist export-ready capable Territory companies to grow existing and enter new export markets.
- Stream 3
Grants of up to $50,000 to assist export-capable Territory companies to grow existing and enter new export markets through a cluster or industry association project.
The Global Trade Scheme is a key action under the International Engagement Strategy 2022-2026 and has been designed to align with the current economic climate and the needs of industry.
The scheme will ensure Territory businesses remain competitive and well positioned to take advantage of new opportunities in the global market.
Applications will open on Friday 1 July and will remain open all year round or until grant funding is exhausted.
The new Global Trade Scheme replaces the previous Trade support scheme.
For more information and to apply visit: nt.gov.au/global-trade-scheme