Labour will reinstate Progressive Procurement, with an initial target of 5% of government procurement contracts allocated to Māori businesses.
- Progressive Procurement reinstated
- Initial target of 5% of government procurement contracts allocated to Māori businesses
- Approximately $900 million worth of contracts could be awarded to Māori businesses
- Based on the previous policy, which Labour says shows 5% is both deliverable and sustainable
Reinstating Progressive Procurement
Māori businesses up and down the country have demonstrated that they can deliver. That's why Labour will reinstate our Progressive Procurement policy, because we know it works.
Like Labour's small business first policy, we will aim for an initial target of 5% of government procurement contracts to be allocated to Māori businesses.
Based on the previous policy, we know that 5% is both deliverable and sustainable.
This means that approximately $900 million worth of contracts could be awarded to Māori businesses, injecting much needed capital into businesses and supporting wider socio-economic growth. It's a win/win for everyone.
What is Labour's policy for backing Māori businesses?
Labour will reinstate its Progressive Procurement policy. Māori businesses up and down the country have demonstrated that they can deliver, and Labour knows the policy works.
What is the Progressive Procurement target?
Like Labour's general small business policy allocation, Labour will aim for an initial target of 5% of government procurement contracts to be allocated to Māori businesses.
How much could Māori businesses receive in government contracts?
Approximately $900 million worth of contracts could be awarded to Māori businesses, injecting much needed capital into businesses and supporting wider socio-economic growth.
Is a 5% target realistic?
Based on the previous policy, Labour knows that 5% is both deliverable and sustainable.
How does this relate to Labour's small business policies?
The 5% initial target mirrors the allocation in Labour's general small business policy. See Labour's Small Business First policy and Small Business Action Plan for more.
More Māori in business means more Māori in sustainable employment, growing the Māori economic asset base and lifting incomes for whānau.
Better starts now.
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