Page 1291 - Week 04 - Thursday, 21 March 2013

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mission met their needs in developing market opportunities. Almost all of the companies in the Pilot have found a way now to be represented in the US market. A number of the companies have made new sales.

h. As per 2(h).

3.

a. Provided in the answers to question 2.

b. Provided in the answers to question 2.

c. To assist SMEs to develop export market opportunities.

Finance—investments
(Question No 63)

Mr Smyth asked the Minister for Economic Development, upon notice, on 14 February 2013:

(1) In relation to Investment Facilitation, Austrade Foreign Investment Leads, how many leads were (a) received and (b) serviced in (i) 2010-11, (ii) 2011-12, and (iii) 2012-13 to date.

(2) Of clients that were serviced, can the Minister provide details on the (a) date of lead generated, (b) source of lead, (c) relevant sector, (d) value of prospective lead, (e) actions taken, (f) number of introductions organised and (g) outcome.

Mr Barr: The answer to the member’s question is as follows:

(1)

(i) 2010-11

a. Investment facilitation of Austrade Foreign Investment Leads (FILS) and Foreign Investment Briefs (FIBS) was conducted on an ad hoc basis during this period. No administrative data of this nature has been retained by the ACT Government. However, the frequency was estimated to be around 2-3 per quarter, or around ten annually.

b. The ACT Government actively engaged on around one third of leads received, based on knowledge of the likely fit of the investment proposal with the ACT economy, and an assessment of the relative claims of other jurisdictions. Austrade generated leads are shared among the states/territories under agreed protocols.

(ii) 2011-12

a. Answer is the same as (i)(a) above

b. Answer is the same as (i)(b) above

(iii) 2012-13 marks the beginning of a structured investment facilitation function with dedicated staff and systems. The following are program metrics to date (end of January 2013):

a. In the 2012-13 year to date, twenty (20) investment leads have been received from Austrade.

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