- Queensland business to share $180 billion in government procurement to 2032
- 'Buy Queensland' approach puts Queensland business first
- More than $57 billion already shared by 70,000 Queensland businesses, including more than 31,000 regional businesses since 2017
Queensland-based businesses will be in the box seat to share in $180 billion in government procurement between now and 2032.
With nine years until the Queensland Olympic and Paralympic Games, the government has released its Q2032 Procurement Strategy to help local suppliers make the most of this once in a lifetime opportunity.
The successful 'Buy Queensland' approach, which has already seen 70,000 Queensland businesses share in $57.81 billion in government procurement, has been written into the Brisbane 2032 Olympic and Paralympic Arrangements ensuring Queensland businesses benefit from Queensland hosting the Games.
The policy includes a published procurement pipeline plus special advisers available to businesses to help them engage with the government and get Games Ready.
Underpinning this new Procurement Strategy, the Buy Queensland approach gives the Sunshine State's businesses a clear advantage in the race to reap the rewards of hosting the world's biggest sporting event with targets and policies maximising the involvement of:
- Small businesses
- First Nations business
- Regional and local business
- Businesses with clear plans for lower emissions
The new Strategy is about future-proofing Queensland businesses by ensuring they're match-fit to supply to the Games, to the Government more broadly, and capable to win business in the most competitive markets in the world.
Not only will the Games bring a business-boom to Queensland, but it will be regional Queensland and small businesses that will benefit most, with the policy already boasting outstanding results on the scoreboard, increasing regional business involvement to more than 31,000 and an additional $1 billion uplift for small business since 2019.
The vast array of opportunities will extend far beyond the Games, to include multiple supply chains spanning infrastructure, new housing, essential goods and services, technology solutions and more, all with the opportunity to be branded "made in Queensland."
The Strategy outlines how more than $180 billion in procurement opportunities are estimated to be available in the lead-up to Brisbane 2032, and Queensland Government agencies will work with the Business Chamber Queensland to develop 'Team Queensland" - a business community that is sustainable, ethical, local, and diverse.
Queensland-based businesses are urged to ensure they are Games-ready by registering for supply opportunity updates and following a three-step game plan: Ready, Set, Go!
Quote attributable to Premier Annastacia Palaszczuk:
"I have always said that all of Queensland will share the pride of hosting the 2032 Olympic and Paralympic Games.
"That includes Queensland businesses.
"Buy Queensland already has the runs on the board when it comes to ensuring local businesses benefit from a government putting them first.
"We want to put the Q in 2032 and that's what this policy achieves."
"Buy Queensland prioritises Queensland businesses for government contracts – it's been a massive success since it was first adopted by our great sporting state in 2017.
"This procurement approach multiplies the value of government spending and ensures the benefits are shared among Queenslanders.
"It creates more jobs and greater community benefits because every dollar we spend here in Queensland circulates throughout our economy many times over."
Quote attributable to Public Works Minister, Mick de Brenni:
"Whilst Brisbane 2032 will be historic in terms of supply opportunities for Queensland business, this Strategy is about catalysing the investment we make in regional Queensland every day, to grow local business, foster collaboration and deliver a real capacity uplift, so the whole state can compete on the international stage.
"The Q2032 Procurement Strategy means we'll give priority to firms that employ Queenslanders, companies that invest in our State and our people, and those which use local materials and produce, to help keep Queensland on the winner's podium.
Quotes attributable to Minister for Employment and Small Businesses, Di Farmer:
"Today we are encouraging Queensland businesses to sign on to Team Queensland and take advantage of our three-step Games supplier game plan: Ready, Set, Go!
"There are already more than 6700 supplier representatives on the Team Queensland register, so it's best not to leave it too late to get into the race."
Quotes attributable to Tourism, Innovation and Sport Minister and Minister Assisting the Premier on Olympics and Paralympics Sport and Engagement, Stirling Hinchliffe
"Brisbane 2032 is Queensland's time to shine.
"The 2032 Games are a massive sporting and economic opportunity for this State.
"By maximising the Palaszczuk Government's Games investment, we can place Queensland firmly on an economic winner's podium for years to come.
"From iconic visitor experiences to our credentials as a renewable energy superpower, Brisbane's 2032 climate-positive Games will put all of Queensland on the global stage."
Quotes attributable to Business Chamber Queensland CEO Heidi Cooper
"It is critical the opportunity we see with the Olympic and Paralympic Games leaves a lasting business legacy for our state.
"Already the business community is thinking about the next decade. Businesses need to know what that legacy means for procurement, sustainability and the way we do business and most importantly what they need to do now to prepare for those opportunities.
"There is a global focus on sustainable and digital businesses and businesses need to be able to collaborate and partner to take up future opportunities.
"Now is the time for government, industry, business and community to come together to secure the best possible Olympics outcome for Queensland. This will take early thinking, big thinking and courageous thinking to ensure Queensland businesses are ahead of the game."
