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Australia : Northern Territory Government unveils 'Buy Local' Plan to support local businesses
Publish Date : 05-Dec-2015
The Country Liberals Government has announced major procurement reform initiatives that will help local businesses secure a greater percentage of the billions of dollars in government work awarded each year.
One of the key initiatives announced by Business Minister Peter Styles is increasing the minimum weighting in favour of local content and benefits from 20% to 25% in all quotes and tenders which is the highest of any State or Territory government in Australia. The important changes were contained in the Country Liberals Governments new Buy Local Plan announced today.
The Territory Government has consulted widely over many months with local businesses, industry, associations and other stakeholders on the effectiveness of the existing Local Development and Value Adding (LDVA) framework and potential alternatives, Mr Styles said.
We have listened to the concerns of our business community and our Buy Local Plan will drive greater emphasis on achieving local content and benefits from NT Government procurement.
This is about jobs for locals and supporting local businesses. The Giles Government has championed the cause of business since coming to government by slashing red tape and has been undertaking a broad range of reform initiatives to make procurement processes simpler, efficient and more transparent.
Our Buy Local Plan will ensure that the $3billion spent annually on goods and services by the Territory Government will deliver the greatest benefits for Territory businesses, our families and our economy. Business was telling us the LDVA processes were too complicated and local businesses were missing out.
