LNP backs-in small business to share in Queensland’s opportunity

• On-Time, Every-Time Payment Guarantee with 5-business day terms for small and family businesses and immediate payments for invoices under $10,000
• Simplified procurement processes with standardised contracts, smaller tender amounts, and streamlined tender processes to make government tenders accessible to businesses of all sizes - rather than just big business.
• New Small and Family Business Innovation Pathway, to directly engage Queensland small and family businesses for short-term initiatives up to $1 million, to solve specific problems or improve government service delivery, trying new and in innovative ideas.

An LNP government will back Queensland small businesses, offering them a seat at the table to share in Government contracts.

The LNP’s Putting Queensland Small and Family Business First policy, will see more small businesses take advantage of government work through easier contracting, faster payment terms and a new innovation pathway program.

LNP Leader David Crisafulli made the policy announcement in his Budget Reply speech today, throwing his support behind the industry that employs nearly one million Queenslanders.

Mr Crisafulli said the LNP would back small business and remove the barriers preventing many small businesses from tendering for government work.

“Small and family businesses are the backbone of our economy and the LNP will even the playing field and give them every chance to compete for contracts,” Mr Crisafulli said.

“The complexity, insurance requirements and contracting processes have been real barriers to small businesses, but we will remove these barriers for small and family business if elected in October.

“Every Queensland small business should have the opportunity to share in our state’s opportunities – which is why the LNP will simplify the contract processes, deliver an ‘On-Time, Every-Time Payment Guarantee’ and open up new innovation pathways.

“Smaller tender sizes mean small business can tender directly for government contracts rather than operating as sub-contractors to big business.

“Simple tender processes and better resources will make it easier and less costly to compete for government work. 

“Cashflow is one of the biggest impediments to small business, so we’ll break down this barrier and even the playing field. 

“Under Labor small businesses have been overlooked and abandoned, but the LNP will offer them a seat at the table and a chance to share in Queensland’s opportunity.

“Value for taxpayer money will always be paramount, but the LNP will back Queensland small and family businesses to help deliver the goods and services for our State.

“Only the LNP has the Right Priorities for Queensland’s Future, including supporting our small and family businesses.”