Minns Labor Government records $10 billion spend | Australian Markets

In a main milestone the Minns Labor Government has surpassed $10 billion in annual authorities
spend with NSW-based small and medium companies.

Delivering on its dedication to assist native jobs and companies throughout the state, the Government
spent $10.1 billion with small and medium enterprises (SMEs) in financial 12 months 2023-24, up from $8.7
billion in 2021-22.

That’s virtually a quarter of the federal government’s $42 billion spend on items, providers and construction.

In 2023, the Minns Labor Government raised the edge at which authorities companies can
immediately procure items or providers from small and medium companies from $150,000 to $250,000.

Following that change, the federal government awarded more than 1,500 contracts valued between
$150,000 and $250,000 to small and medium companies in 2024. Around 51 per cent of items and
providers contracts valued between $150,000 and $250,000 went to small companies.

Small companies throughout the state present a vary of important items and providers to authorities.

This consists of supplying workplace supplies and furnishings, conducting upkeep and repairs on
authorities buildings, enterprise landscaping providers at authorities services, and offering
catering and food providers at state-owned museums and galleries.

Small companies are the spine of the state’s economic system and directing more of the NSW
Government’s spend in the direction of them helps native jobs and communities.

As half of the reform bundle, the Minns Labor Government additionally diminished crimson tape, permitting small
companies to offer insurance coverage data as soon as a contract is awarded as an alternative of during the tender
course of.

The state’s 870,000 small companies make up 97 per cent of all NSW companies and make use of 1.7
million people in NSW.

The consequence builds on the Minns Labor Government’s dedication to assist companies in NSW
by way of a vary of measures, together with employees compensation reforms.

The Workers Compensation Legislation Amendment Bill 2025 is at the moment being blocked by the
Liberals and Greens within the Legislative Council.

Without the reform, premiums paid by companies are forecast to increase by 36 per cent over the
subsequent three years.

Quotes attributable to Minister for Domestic Manufacturing and Government Procurement
Courtney Houssos:

“Small companies are the spine of the state’s economic system. They ship world-class options whereas
supporting households and households and growing the economic system.

“Our reforms are serving to native small and medium companies win contracts for more of the
authorities’s $42 billion spend – this helps jobs, communities and financial development
throughout NSW.

“We know that NSW companies are below stress. These reforms are serving to them grow – and our
employees compensation reforms will tackle the rising value of doing business. Together, that is a
recipe for NSW companies to thrive.

“There is more to do. We will continue to work hard to create even more opportunities to allow small
businesses to grow.”

Quotes attributable to Minister for Small Business Janelle Saffin:

“Small business performs a very important position within the NSW economic system by way of the services and products they offer
but additionally the more than a million people they make use of proper throughout the state.

“The take up of authorities procurement alternatives is a win-win – the federal government has a larger
pool to source services and products from, and small companies have the chance to grow and
present new items and providers to their communities.

“We will continue to find new and meaningful ways to support our small businesses in this state to
grow and thrive.”

Quotes attributable to CEO of Business NSW Dan Hunter:

“Small and medium companies aren’t asking for handouts – they merely need a honest shot at NSW
authorities spend.

“The NSW Government’s up to date procurement guidelines are serving to stage the enjoying subject, delivering
main advantages to our communities.

“Having confidence to buy regionally from companies in regional communities – whether or not that’s the
native accountant, caterer or construction firm – is essential to making sure our collective prosperity.

“Local companies drive vital financial worth each regionally and nationally, and for a lot of
rising operators, securing that first authorities contract could be a turning level.

“In a global market where Australia faces higher input costs – from energy to labour – any policy
that helps restore balance is a win for business, the economy and the community.”

Quotes attributable to General Manager Flavours Catering & Events Chris Watts:

“Flavours Catering is a family-owned business with 45 staff based mostly in Artarmon at our
manufacturing kitchen and places of work.

“We’ve been offering food to NSW Government companies for more than 10 years. Currently we
ship meals to about 350 jurors on daily basis throughout 4 completely different court docket areas and work with different
companies as properly.

“Working with the Government has been actually useful for us, particularly during the COVID-19
pandemic once we supplied meals to contact tracers.

“Partnering with the Government during this time not only provided us with the stability we needed
but enabled us to keep our team strong and actually grow our team to what it is today.”

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