Website to help SMEs with export finance
(10 May 2010 - Australia) Trade Minister Simon Crean today announced the launch of a new website to help Australian small and medium sized enterprises (SMEs) understand the export finance options available when exporting or investing offshore.
The Export Finance Navigator (wwww.exportfinance.gov.au) is an independent source of information on export finance. It aims to assist current and potential exporters by sourcing a wide range of information on the financing alternatives available as they seek to grow their businesses through export and offshore opportunities.
Developed by Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, the online tool is a response to a recommendation of the 2008 Review of Export Policies and Program (the Mortimer Report).
The website divides the exporter’s journey into six stages: preparing for export, finding markets, winning contracts, financing production, getting paid and expanding overseas. An exporter can easily identify which stage they’re at, and then find the export finance solutions available to them at that stage.
The website not only helps exporters to find out about the export finance tools provided in the commercial market, but also the grants and tax concessions available to exporters from federal, state and territory governments.
The launch of the Export Finance Navigator website will be followed by a series of workshops for exporters to be run jointly by EFIC and Austrade. The workshops will focus on the export finance solutions available at particular stages of an exporter’s journey.
Developed by Export Finance and Insurance Corporation (EFIC), the Australian Government’s export credit agency, the online tool is a response to a recommendation of the 2008 Review of Export Policies and Program (the Mortimer Report).
The website divides the exporter’s journey into six stages: preparing for export, finding markets, winning contracts, financing production, getting paid and expanding overseas. An exporter can easily identify which stage they’re at, and then find the export finance solutions available to them at that stage.
The website not only helps exporters to find out about the export finance tools provided in the commercial market, but also the grants and tax concessions available to exporters from federal, state and territory governments.
The launch of the Export Finance Navigator website will be followed by a series of workshops for exporters to be run jointly by EFIC and Austrade. The workshops will focus on the export finance solutions available at particular stages of an exporter’s journey.
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