Small businesses in Coogee are set to benefit from a share of a $30 million statewide skills fund to give local small businesses better access to the education and training they need to start, run and grow.
Member for Coogee Bruce Notley-Smith said the skills fund is at the heart of a new NSW Government small business strategy announced today, Wednesday 21 June.
“The NSW Small Business Strategy will help to ensure that NSW remains the easiest and best place in Australia to establish, run and grow a small business,” Notley-Smith said.
“Our small businesses drive the local economy and create valuable jobs and we need to do more to support the skills and capabilities of the people who run them.”
The new $30 million Skills for Business program will help small businesses access tailored and subsidised vocational education and training.
A network of small business skills advisors will provide face-to-face and group support and these advisors will also work with local businesses to review business growth opportunities and link these to skills training.
Deputy Premier and Minister for Small Business John Barilaro said the NSW Small Business Strategy offers a range of support to the more than 710,000 small businesses in NSW
“The Strategy will help to address some of the barriers small businesses face, such as exploring opportunities for further tax relief, making the procurement process less complex and addressing late and extended payment terms,” Mr Barilaro said.
“It will also seek to improve small business access to finance, make it easier to start a business by reducing red tape, and help build more resilient businesses with better digital connectivity and capability especially in regional NSW.”
The Strategy will build on face to face support and business advice already provided by the Business Connect Program which in 2017/18 will deliver $7.5 million investment and at least 70 per cent of these services in regional NSW.
Small businesses make up almost 98 per cent of all NSW businesses, employ about 1.56 million people – almost half the state’s workforce – and generate $47 billion in annual wages and salaries.