The Association of Australian Convention Bureaux (AACB) congratulates the Australian Government for extending support to the business events industry through a boost to the Export Market Development Grant (EMDG) scheme.
Announced today by the Hon Simon Birmingham, Minister for Trade, Tourism and Investment, the Australian Government will inject an extra $49.8 million into the EMDG scheme in the 2019-20 financial year. This is in addition to the $60 million already committed as an election pledge, bringing funding to its highest level in more than 20 years to $207.7 million for 2019-20.
The AACB has been consistent across its many submissions to Government, that boosting investment in successful federal grant programs such as EMDG would support convention bureaux efforts in reaching international markets and driving high yield visitation.
This announcement provides further welcome relief, confirming that applications lodged in the 2020-21 financial year can claim promotional expenses that have been impacted by COVID-19, such as tradeshow cancellations. These activities will be treated by Austrade as having taken place.