Source: Adobe Stock.
Plans to improve small business access to $70 billion in Commonwealth contracts are well underway, the federal government says, after a hard-hitting review found SMEs are frequently overwhelmed by complex, time-consuming, and costly application processes.
On Wednesday, Minister for Finance Katy Gallagher and Minister for Small Business Julie Collins released the government’s response to a long-expected report on the Commonwealth Procurement Framework and its outcomes for small business.
The report, prepared by Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Bruce Billson, found the federal government is exceeding its own self-imposed 20% target for procurements from small and medium enterprises.
However, those SME contracts only make up $8 billion, or 11%, of government procurements by dollar value.
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