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Assisting Australian small businesses to go global.



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Media Release The Hon Ian Macfarlane MP Minister for Industry, Tourism and Resources

13 May 2003 03/072

ASSISTING AUSTRALIAN SMALL BUSINESSES TO GO GLOBAL

The Minister for Industry Tourism and Resources, Ian Macfarlane, has announced that $2.5 million will be available over the next two years to help Australian small business participate in major projects and global supply chains. Mr Macfarlane said the funding would be provided to ISONET (now trading as Industry Capability Network Limited) and the Supplier Access to Major Projects (SAMP) program. These programs highlight the capabilities of Australian small and medium sized enterprises. ISONET provides national co-ordination for the activities of State-based Industrial Supplies Offices. The network collates information on Australian industry capability in order to identify business opportunities for local small businesses. ISONET also administers the SAMP program on behalf of the Government. The Commonwealth SAMP program increases opportunities for Australian industry to participate in major national and international projects by placing a consultant within the project team. The consultant’s task is to match Australian suppliers with project requirements. The program maximises Australian suppliers’ involvement in these projects, thereby extending their reach into global supply chains. Since the SAMP program was launched in 1997, the Government has injected $4 million to support local participation in more than 67 projects. SAMP has opened up significant opportunities for industry - by one estimate, some $750 million in business which may have otherwise gone overseas. The $2.5 million funding includes the roll-over of uncommitted funds from 2002-03.

Media contact: Kirsty Boazman 0412 171 444

Contact: Rob McKeon (Industry, Tourism & Resources) 02 6213 7582

CMR 03-082