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Queensland SMEs benefit from increase in local procurement spend

Queensland

Small and medium businesses across Queensland have benefited from the state’s Buy Queensland approach, seeing almost $7 billion of investment in the 2022-2023 financial year, which is up by almost $1 billion on the previous year according to new figures.

The Queensland Government Procurement Statement 2023 was tabled in parliament last Monday, revealing that procurement investment totalled $23.4 billion over the last financial year, which was spread among 47,880 suppliers – 38,600 of those being Queensland registered businesses.

As reported by PASA in May, Buy Queensland 2023 launched on 1st June, building on the achievements of Buy Queensland – which originally began in 2017 – and the procurement investment opportunity for the Brisbane 2032 Olympic and Paralympic Games.

Amongst its primary goals are supporting the creation of high-quality local jobs, stimulating the Queensland economy, and establishing a lasting legacy for both current and future generations of Queenslanders.

The government also confirmed that a new procurement platform will go live next year, which it claims will streamline the process of doing business with the Palaszczuk Government.

The Future Procurement System will be a single-point supplier portal and tendering platform that is designed to cut the time and cost involved in tendering for government contracts.

Commenting on the news, Minister for Energy, Renewables and Hydrogen and Minister for Public Works and Procurement, Mick de Brenni said: “This Statement shows the Palaszczuk Government is committed to the highest standards when it comes to managing tax payer resources, and our nation-leading approach to procurement is working to back good quality local jobs, small and regional businesses, and trainees and apprentices.

He added: “We will ensure local companies and the hardworking Queenslanders behind them can contribute meaningfully to our state’s prosperity now and into the future.

“We are working to drive greater value for Queenslanders, from every one of the 23 billion procurement dollars invested on their behalf going to businesses we know deliver quality products and services, sourced ethically and sustainably.”

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