Small Business Value Statement

The Small Business Strategy is about people.

NSW Government initiatives assist small business to create public value. Public value can be generated in a variety of ways, including supporting people to improve their economic and social wellbeing, and contribution to local community.

Our consultations highlighted the many reasons people start and run their own business. The Small Business Strategy aims to empower people to live their lives in a way that works for them.

As part of the Small Business Strategy, the NSW Government is committed to recognising the contribution that small business makes to our broader social and economic objectives. We want to ensure the full range of benefits associated with a thriving small business sector are properly recognised when designing and evaluating public policy initiatives.

Each cluster in the NSW Government will adopt its own Small Business Value Statement to acknowledge how small business contributes to delivering its key aims and priorities, and ensure its policies and projects support the small business sector.

NSW Government Small Business Value Statement

Small businesses make a major contribution to the NSW economy, including Gross State Product and employment. However, many of the benefits of a thriving small business sector go beyond their total number, or financial contribution to the economy.

The NSW Government recognises the contribution of small business to broader social and economic objectives, including:

Economic and social inclusion
Providing employment and economic opportunity to those facing challenges when engaging in traditional employment, including our youth and mature age workers.

Aspiration
Providing a vehicle for individuals to pursue their personal goals and passions.

Economic
Making a significant contribution to our economy and employing people in their local communities.

Amenity
Delivering products and services that are crucial to some regional communities. 

Choice
Providing choice and innovation to meet different consumer needs and preferences.

Community
Holding a deep connection to their local community and motivated by more than just profit.