
BHP’s strong foundation leads to sustainable futures
As Chair of the Local Buying Foundation, I am proud to reflect on a year marked by meaningful progress, strong regional partnerships and impactful investment. The Foundation continues to play a vital role in an integral stage of the Local Buying Cycle, reinvesting directly into programs and initiatives that strengthen local and Indigenous business capability, build community resilience and support long-term regional growth. Our work is only possible through the continued collaboration with our Advisory Committees, stakeholders and the dedicated efforts of our local partners who share our vision for thriving, sustainable communities across Australia’s resource-rich regions.
This year, we have seen a significant increase in applications from eligible organisations in regional New South Wales and South Australia. The enthusiasm and commitment of these organisations to contribute to their communities is truly inspiring. Our team has been diligently assessing these applications to ensure that the most impactful projects receive the support they need.
In FY25, the Foundation has funded several new initiatives that align with our priority areas. These initiatives include the development of shared workspaces and business hubs, which are crucial for fostering innovation and connecting entrepreneurial ideas with research and knowledge.
Our funding has also enabled workforce planning and development programs. These have been complemented by education and training initiatives designed to equip the regional workforce with the skills needed to adapt to new economic opportunities and thrive in a constantly changing environment. A standout moment was the inaugural Tech Verge Summit in Mackay, Queensland, which brought together innovators, entrepreneurs and regional businesses to explore emerging technologies and digital transformation opportunities.
A broad diversity of projects across the country have received funding. These include wide-ranging professional development workshops, leadership and mentoring programs, as well as workforce development initiatives for those re-entering the workforce. The Foundation has also supported a ground-breaking decarbonisation project. In addition, it has celebrated success through sponsoring business awards and creating networking opportunities.
Through these funded programs and initiatives, the Local Buying Foundation plays a crucial role in empowering local businesses and driving economic development. Supporting sustainable growth in regional business centres ensures the longevity of our communities.
Together, we are building stronger, more resilient regional communities, one project, one partnership and one opportunity at a time.
Melissa Westcott,
LBF Chair
Click here to view our FY25 Annual Summary video