Indigenous businesses are going from strength to strength under the Turnbull-Joyce Government’s highly successful Indigenous Procurement Policy (IPP).
The Minister for Indigenous Affairs, Senator Nigel Scullion released the second year results today.
“Within the first two years of the IPP, we have already exceeded the 2020 target of awarding 3 per cent of all government contracts to Indigenous businesses annually – targets which were once thought impossible – and I’m proud that under the Coalition we are seeing 7 per cent of all government contracts go to First Australian businesses,” Minister Scullion said.
“Australia’s Indigenous business sector has long been overlooked by governments. Only four years ago Indigenous businesses were awarded just $6.2 million in Australian Government contracts.
“Today I am pleased to announce that in the two years since this program commenced, 956 Indigenous businesses have won over $594 million in government contracts. A 95-fold increase is a success story in anyone’s book.
“The IPP has allowed the Australian Government to tap into the extraordinary capabilities of the Indigenous business sector.
“The second year results show us that there is no such thing as a typical Indigenous business. Indigenous busineses have demonstrated their capability to deliver advanced technology, legal services, construction, engineering and facilities management. Contracts have been won by businesses from across the country.
“It is especially gratifying that these results come on the same day that I joined Fortescue CEO Nev Power and ANZ Managing Director, Graham Turley to announce major changes to Fortescue’s Billion Opportunities program.
“Indigenous businesses create jobs for Indigenous Australians and they build wealth. This is why the Turnbull-Joyce Government is right behind them.
Further Information about the second year results for the Indigenous Procurement policy is available here.