Israel Launches NIS 1.6 Billion Export Aid as Stronger Shekel Squeezes High-Tech
Updated
Updated · Arutz Sheva · Jun 30
Israel Launches NIS 1.6 Billion Export Aid as Stronger Shekel Squeezes High-Tech
3 articles · Updated · Arutz Sheva · Jun 30
Summary
NIS 1.6 billion in immediate support will go to Israel’s export and high-tech sectors after a sharp shekel appreciation hit competitiveness and strained companies reliant on foreign-currency revenue.
About NIS 1 billion is earmarked for fast-track matching grants for early-stage and growth-stage tech firms, aimed at extending cash runway and keeping operations and expansion in Israel.
Another NIS 175 million will fund advanced manufacturing upgrades, NIS 25 million will back exporters through the Israel Export Institute and pilot grants, and NIS 10 million will support employer-led vocational training.
The package also expands accelerated depreciation tax incentives at an estimated fiscal cost of NIS 360 million and sets up an interministerial review of structural reforms ahead of the 2027 state budget.
High-tech accounts for 18.3% of Israel’s GDP and 58% of exports, underscoring why officials framed the package as both emergency relief and a longer-term competitiveness push.