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Chris Botha Investment Specialist Western Metropolitan Region Level 1, 67 Enterprise Drive TOTTENHAM - VIC 3012 chris.botha@ecodev.vic.gov.au

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• First held in 2006

• The Small Business Festival Victoria provides ideas and information to people who

are starting or growing a business.

• The Festival takes place annually during the month of August and comprises over

400 events, workshops and seminars across metropolitan and regional Victoria.

• The festival supports the state’s 540,000 small businesses that generate more than

30% of Victoria’s sales and output and employs 47% of the State’s workforce.

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Source: ABS cat. no. 5220.0, 28 (released Nov 2014)

Victoria has a diverse economy across services, manufacturing and resources.

Victoria’s Gross Value Added (GVA) by industry in current prices (% share) FY2014

Financial and insurance services11%

Professional, scientific and technical services

8%

Manufacturing8%

Health care and social assistance

7%Construction

6%Retail trade6%

Education and training6%

Transport, postal and warehousing

5%

Wholesale trade5%

Public administration and safety4%

Information media and telecommunications

4%

Electricity, gas, water and waste services

3%

Administrative and support services

4%

Rental, hiring and real estate services

3%

Agriculture, forestry and fishing3%

Accommodation and food services

3% Mining3%

Other services2%

Arts and recreation services1%

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SBV Roles and Responsibility

• SBV seeks to address market failure/ information gaps by focusing on policies and programs that:

Improve small business productivity

Support small business growth

Encourage business innovation

Promote a fair and competitive business environment

Reduce Red Tape

• Strong policy support ensures programs are evidence based, as is provision of Ministerial services

SBV Roles and Responsibility

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As a small business owner, you don’t have to be an expert in all business areas. Getting expert advice and information can help you to identify goals, anticipate change, and plan for survival and growth.

www.business.vic.gov.au/workshops

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Small Business Mentoring Services

• About 120 Mentors, who have the skill and experience to help small businesses.

• All are business people. Most are retired and want to help small businesses prosper. All mentors work on a voluntary basis.

• Mentoring is a process that requires the Mentor and the business owner to delve into the core of the business and to work together to develop a Plan of Action. Each session runs for 90 minutes to an hour.

1 session $100

2 sessions $190

3 sessions $255

4 sessions $320 (recommended)

Additional sessions/returning

businesses $80 per session

4 sessions provides both the best value and the

best chance to improve your business.

Each session will result in actions for the

business to take and a report on tile discussions

undertaken during your session. Specialised

tools may also be attached to your reports to

assist you with the completion of the tasks.

www.sbms.org.au

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• Established in 2003 - 18 people today

• Assist SMEs through: – Preventing business disputes arising

– Resolving business disputes when they do arise

– Investigating unfair market practices

• 1550 applications for dispute resolution and 800 mediations p.a.

• General business disputes can be described as conflicts arising from any commercial agreement between businesses, or between business and government, such as:

– Licensing / agency agreements

– Franchise agreements

– Distribution agreements

– Leases

– Tenders

• Tel: 13 8722

• Web www.vsbc.vic.gov.au

Victorian Small Business Commissioner (Geoff Browne)

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Small Business Bus (Mobile Business Centre)

• Two buses each visiting 130 locations (regional, suburban and CBD) per annum, supported by local councils and Government MPs.

• Free on board one hour mentoring, pre-booked through www.business.vic.gov.au/sbb with 800 mentoring sessions per annum.

• Monday 12 September Wedge St Piazza, 94 Watton St, Werribee

• Tuesday 13 September Hoppers Crossing Shopping Centre Car Park 24 Old Geelong Rd, Hoppers Crossing

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Grow Your Business (GYB) Group Program

• Group Programs encourage smaller businesses to develop management skills and competencies that support long term growth. Participation in Group Programs enables businesses to develop better business practices and processes, and to share challenges, experiences and insights.

• Eligibility: To be considered for funding, participating businesses must be Victoria-based businesses, with at least 12 months of trading history, be financially viable (sales > $250,000 per annum) and be a tradeable service (manufacturers or service firms)

• Cost: $2,000 + GST. Funding = 75% of the cost up to $1,500 +GST pp.

• www.business.vic.gov.au/gyb

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Grow Your Business (GYB) one-on-one

• To support Victorian businesses to work with independent consultants / specialists to achieve business growth through increased productivity, new export opportunities, investment in research and innovation www.business.vic.gov.au/gyb

• Funding of up to 75% of the cost to a maximum of $4,000 +GST to undertake a BUSINESS STRATEGIC REVIEW.

• Funding of up to 50% of the cost to a maximum of $7,500 + GST to undertake a BUSINESS DEVELOPMENT PLAN (business plan, marketing plan, export plan, etc.)

• Funding of up to 50% of the cost to a maximum of $7,500 + GST to undertake MENTORING (aims to provide experienced strategic advice to management in the implementation of a complex business plan).

• Broadly, eligibility requires applicant to be: financially viable (sales >$500,000 per annum) Manufacturers or service firms Commitment to innovation and/ or potential for export/ import replacement At least 24 months of trading history

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EXPORT www.export.vic.gov.au

• Outbound trade missions

• Inbound trade missions

• Get ready to export

• Access Program

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Invest Assist facilitates investment projects, particularly complex ones requiring cross government coordination.

Invest Assist provides the following services: 1. Specialist advice on the development approvals process.

2. Coordination of the full range of state, commonwealth and local government

statutory approvals.

3. Site location services based on your specific business location requirements.

4. Identification of infrastructure and utility requirements, including information on costs of access.

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Back to Work www.sro.vic.gov.au/backtowork

• Claims for the following categories will remain open until the $15 million fund

is fully subscribed or 31 March 2017 (whichever occurs first):

– Dairy industry workers ($5000)

– Retrenched automotive workers ($7000)

– An additional amount of up to $4000 is available to employers who provide accredited training to these eligible employees.

• Jobs Victoria – The 2016-17 Victorian Budget included $53 million for the establishment of Jobs

Victoria, to support disadvantaged Victorians into the workforce, and provide targeted support services for people looking for work and for employers looking for workers.

– http://economicdevelopment.vic.gov.au/significant-projects/jobs-victoria

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Victoria’s Future Industries

Victorian Government’s economic growth plan

Includes:

• $500 million Regional Jobs and Infrastructure Fund.

• $508 million Premier’s Jobs and Investment Fund

(including $60 million for Launch Vic).

• $200 million Agriculture and Jobs Fund

• $200 million Future Industries Fund (incl. $20 million New Jobs

Energy Fund)

• Transport Infrastructure Investments

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• The Future Industries Fund will support the sector strategy plans through its grant programs.

• Future Industries Fund grant programs include:

– Future Industries Manufacturing Program

– Local Industry Fund for Transition

– Sector Growth Program

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Support to priority sectors www.business.vic.gov.au/futureindustries

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New Statutory Body – Infrastructure Victoria http://www.infrastructurevictoria.com.au/

• Prepare a 30-year infrastructure strategy for Victoria

• Provide advice to the Victorian Government on infrastructure matters

• Publish research on infrastructure matters

Level Crossing Removals

$2.4B to remove 20 level crossings by 2018, and the full 50 by 2023.

Melbourne Metro Rail Project

$10.9B to build a new dedicated underground rail path running beneath the central business district (CBD) to free up the congested City Loop, allowing more trains to run more regularly across the whole network. To be completed by 2026.

Western Distributor

The $5.5B project will widen the West Gate Freeway from eight to twelve lanes, and add a tunnel and elevated motorway to connect the West Gate Freeway with the Port of Melbourne, CityLink and the central business district (CBD), providing an alternate river crossing to the West Gate Bridge.

Tullamarine City Link Widening

The $1.3B project will upgrade 24 kilometres of freeway, from Melbourne Airport to Southbank. To be completed by 2018.

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Infrastructure projects

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Online

Programs

Services

In person

Phone

Business Victoria Contacts

www.business.vic.gov.au

• 5 Metropolitan Victorian Government Business Offices: Bundoora, Tottenham, CBD, Dandenong & Ringwood

• 17 Regional Victorian Government Business Offices

• 18 international offices

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