A watch company planning on extending their promotional capabilities to the North American markets engaged Grant Help to assist with accessing funding opportunities. The company is an Australian owned and operated luxury watch brand; however, the manufacturing of their watches takes place in multiple parts of the globe.
Eligibility criteria for the EMDG states that eligible goods must be made in Australia. If the goods are not made in Australia, the CEO of Austrade must be satisfied that Australia will derive a significant net benefit from the sale of the goods outside Australia. To confirm this eligibility, a number of criteria are outlined under Section 24b of the EMDG guidelines.
Grant Help remains as one of the few government agencies that will complete Section 24b compliance documents, charging no extra costs and no up-front fees as part of our no-win, no-fee service. This eligibility is assessed on a case-by-case basis and can be difficult to achieve. Grant Help’s experienced consultants have an indepth understanding of what the auditors are looking for when making judgements on Section 24b eligibility.
Four defined criteria are used to determine whether the business will be eligible for the grant. Grant Help provided a detailed examination and explanation of these guidelines to Austrade to ensure funding for the business.
Grant Help’s consultants was able to analyse and present the advantages of the businesses assets and activities being based in Australia. This work provided quantifiable data to Austrade of the company’s contribution of economic benefits to the Australian economy. This included the impact of employment, revenue and reputation.
Due to the success of Grant Helps work on Section 24b eligibility, the company was able to claim funding for their marketing expenditure, diversification of sales channels and online marketing techniques (e.g. social media marketing, SEO and other channels).
The company is now onto their 4th grant and is going to be entitled to $770,000 as a result of the $1,540,000 spent on marketing. Without the work of Grant Help’s consultants, it was likely that funding would not have been achieved. The ability to reinvest those expenses back into the company have allowed its continued growth and success of expanding its operations within both Australia and international markets.