Business Growth Strategy 2019-2023

Business Growth Strategy 2019-2023

Supporting small business growth in Tasmania

Copyright notice and disclaimer

Copyright in this publication is owned by the Crown in Right of Tasmania, represented by the Department of State Growth.

Information in this publication is intended for general information only and does not constitute professional advice and should not be relied upon as such. No representation or warranty is made as to the accuracy, reliability or completeness of any information in this publication. Readers should make their own enquiries and seek independent professional advice before acting on or relying upon any of the information provided.

The Crown, its officers, employees and agents do not accept liability however arising, including liability for negligence, for any loss resulting from the use of or reliance upon information in this publication.

Images used within this publication remain the property of the copyright holder.

Images courtesy of the Tasmanian Government, IgniteDigi, Josh Lamont, Adam Gibson, Rob Burnett, Simon deSalis, HCC and Hobart Airport.

? State of Tasmania March 2019

Contents

Minister's foreword......................................................................................................................................... 3 What small business looks like in Tasmania.............................................................................................. 4 What Tasmania's small businesses have said............................................................................................. 6 Building on our robust foundations............................................................................................................. 7 The strategy development process............................................................................................................. 8 Action plan for government and industry.................................................................................................. 9 1. Providing supportive programs and services to enable growth and increase productivity..... 11 2. Enabling an operating environment for business growth................................................................. 15 3. Enabling business growth through reducing compliance burden and dispute resolution......... 19 4. Providing market expansion opportunities for businesses in growth........................................... 21 5. Empowering business growth through skill development and support mechanisms................23 Delivery and performance...........................................................................................................................26 Heads of Agreement.....................................................................................................................................27 Supporting strategies....................................................................................................................................28

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Minister's foreword

We are living and conducting business in an exciting time in Tasmania.

Confidence is high, our economy is strong and opportunities abound. And to keep this going we are laying down strong foundations to give small business every opportunity to thrive.

Business thrives on certainty. It succeeds when confidence is high. It grows when the economy is strong, and importantly, it creates and sustains real jobs for Tasmanians.

We have been working to help our economy grow. That trend has been ongoing for the last five years, and this helps create that confidence.

Our 37 300 small businesses are key to getting and keeping Tasmanians in work and driving grassroots investment, which underpins our economy and helps our communities prosper.

Tasmanian small businesses have already shown they are more resilient than those in other states and territories, maintaining the highest long-term survival rate in the country.

This strategy is a true partnership between business and government.

It has brought together the best ideas from across the Tasmanian Chamber of Commerce and Industry and the Tasmanian Small Business Council as well as individual business and community leaders.

It outlines a bold vision to creating a competitive environment strengthened by services, market information and a skilled workforce that supports innovation, growth and creates jobs. The Tasmanian Business Growth Strategy 2019-2023 is built on three key pillars: high levels of business confidence, taking advantage of emerging opportunities in our economy, and ensuring government policies are aligned with business and industry goals and targets. These support five action areas: programs and services for growth, fostering a business growth environment, red tape reduction and dispute resolution, capitalising on market expansion opportunities, and skill development and suppor t. I look forward to progressing this strategy side-byside with our small business sector over the next five years to ensure we are moving in the right direction and the priorities continue to meet the needs of existing and emerging businesses.

Peter Gutwein Minister for State Growth

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