
NT Global Trade Scheme
- Grants from $3K-$50K to help NT businesses set up or expand their exporting capabilities. The program is divided into three streams:
- 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 businesses grow existing markets and enter into new markets.
- Stream 3: Grants of up to $50,000 to assist export-ready businesses grow existing markets and enter into new markets through a cluster or industry association project.
The Northern Territory Government recognises the importance of international trade and supporting both new and established Territory exporters, to grow and strengthen the Territory’s economy.
Key Requirements
The grant program includes 3 streams of support for businesses that:
- are at the beginning of their export journey
- want to diversify into exports
- want to expand or diversify into existing or new international markets
What is eligible for funding?
The program offers different levels of support depending on where the business currently is on its export journey. Each stream is based on a 50:50 co-contribution basis.
Stream 1 aims to assist Territory Enterprises to become Export Ready
Grants will be made under a Funding Agreement of up to AUD 3,000 on a 50:50 co-contribution basis, for Eligible Expenditure. Eligible Expenditure includes engaging a consultant to develop and or update an export plan or strategy.
Stream 2 aims to assist Export Ready Territory Enterprises to begin export activities; and to assist Export Capable Territory Enterprises to grow existing and enter new export markets – grants will be made under a Funding Agreement of up to AUD 10,000 on a 50:50 co-contribution basis, for Eligible Expenditure.
Eligible Recipients can access this grant up to a maximum of two times per annum, up to a total amount of AUD20,000 and a total amount of AUD 50,000 over the five years of the Scheme).
Daily Travel Allowance – AUD 350 for one person per business, per day to support accommodation, meals, beverages and transport. This is paid as an allowance with a travel/flight itinerary to be provided proving the length of time in market. This allowance is only available in Stream 2 and there is an AUD 10,000 maximum funding agreement per application.
No additional costs are payable for on-ground expenditure outside of the allowance.
The maximum number of days away that can be claimed for the daily travel allowance is eight (AUD 2,800).
Stream 3 aims to assist Export Capable Territory Enterprises grow existing and enter new export markets through a cluster activity or Industry Association representing a cluster. Clusters should be a minimum of 3 companies dependent on the activity proposed. Clusters and Industry Associations can access this grant under the terms of a Funding Agreement up to a maximum of AUD 50,000 once per annum. This will be on a 50:50 co-contribution basis.
Daily Travel Allowance – AUD 350 for one person, for the cluster lead and one per person for each subsequent business within the cluster per day to support accommodation, meals, beverages and transport.
This is paid as an allowance with no proof of expenditure required (other than a travel/flight itinerary) and is included in Stream 3 AUD 50,000 maximum funding agreement per application.
No additional costs are payable for on-ground expenditure outside of the allowance.
The maximum number of days away that can be claimed per each recipient within the cluster for the daily travel allowance is eight (AUD 2,800)
What companies are eligible for funding?
You can apply if you meet the following:
- have an annual turnover of more than $75,000 and less than $10 million
- are an NT enterprise
- hold a valid Australian business number (ABN).
Is this grant competitive or entitlement based?
Competitive. Your application will be assessed among other applications by a judging panel.
How can I increase my chances of winning this grant?
By engaging an accredited government grants consultant, such as Avant Group.
Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.
As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.
Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project
- Industry analysis presentation
- Competitor Analysis Presentation
- Marketing and Sales Analysis Presentation
- 3-5 year Cashflow Forecast
- 3-5 year Balance Sheet Forecast
- Cost-Benefit Analysis of Grant Funding
- End-to-end grant application including information collating, analysis and application writing
- CAPEX (Capital Expenditure) cost-benefit analysis
- Stakeholder relations and Risk Mitigation Plans
- Any other relevant forecasting that will support your application
How can I get help with my application? Or know if I’m likely to win funding?
Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.