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!
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