Small and medium-sized businesses and regional communities across the state are set to benefit from a $12 million NSW government push to showcase local products and develop global export sales.
Deputy Premier and Minister for Regional NSW, Industry and Trade John Barilaro announced the new initiative on Monday, which will see $10 million directed towards funding grants of up to $10,000 for export-oriented SMEs.
“Helping home-grown businesses succeed in the global marketplace is more important than ever before, and here in NSW we have some of the best produce in the world,” Mr Barilaro said.
“That is why the NSW government is co-ordinating export assistance across a range of initiatives including market-tailored workshops, business matching and exporter grants of up to $10,000.”
Mr Barilaro explained that this new initiative aims to promote NSW businesses globally.
“Our Export Assistance Grants, together with intensive, direct assistance through the Going Global program, will complement existing support and advice services to forge new business connections and sales offshore.”
Under the Going Global program, $1.8 million will fund export coaching, networking and in-market assistance for export-ready firms, while $10 million will reimburse 50 per cent of eligible expenses up to a maximum of $10,000 per eligible business.
Also part of the program are online webinars to help businesses upskill, connections to international consumers via the Buy Regional Goes Global initiative, and other online support, tools and resources.
Treasurer Dominic Perrottet said trade would be vital to restoring growth after COVID-19, with exports making up 16 per cent of the state economy before the global pandemic.
“We know our exporters have faced big hurdles in recent months, especially in regional areas also affected by bushfires and drought,” Mr Perrottet said.
“Applications for the Going Global program can be submitted now, and the Export Assistance Grants application will be available soon. I urge small and medium-sized firms in regional areas and across NSW to apply.”
Graham Gilmore, from Black Springs-based agribusiness TattyKeel, said exporting was a great way for regional businesses to stay competitive and build resilience, despite the challenges of COVID-19.
“We’re a family farm that’s changing the boundaries. We’re doing R&D and we’re actually creating a new product that’s got some pretty unique eating qualities,” Mr Gilmore said.
“Developing markets overseas is an important part of our plan to support that work.”