State Government To Increase Spending With SMALL BUSINESS
The beginning of the new financial year saw the launch of a 25% procurement target from the Queensland Government.
The Queensland Procurement Policy means that government agencies must now ensure 25% of their collective spending is with small to medium businesses.
The policy is designed to give local small business access to Government markets. The target will increase to 30% by 30 June 2022.
Currently the State Government spends approximately $22 billion with Queensland businesses. Part of the new strategy will see at least one small to medium business invited to quote or tender for new procurement valued at $250,000 or less.
The government is also looking to connect with and match up local buyers and suppliers as part of its response to COVID-19. To be part of this process and to check out the products in demand be sure to register with the COVID-19 supplier portal.