Objective To determine whether councils’ economic development activities improve the economic viability and sustainability of their municipalities.
Issues The social and economic wellbeing of communities relies on access to necessary resources and sufficient opportunities. Growing the economy and jobs is a top priority for the Victorian Government with more than $1.2 billion over four years committed to jobs and growth initiatives. The government announced nine new regional partnerships in November 2015, emphasising the need to work cooperatively with local government to develop local economies.
Parliament’s Inquiry into local economic development initiatives in Victoria (July 2013) identified the key role local councils play in promoting and facilitating economic development but also found that few councils have adopted an integrated, whole-of-government approach to economic development.
This audit will provide assurance to Parliament and the community on the effectiveness of actions by councils to strengthen local economic development initiatives.
Proposed agencies Melton City Council, Loddon Shire Council, Southern Grampians Shire Council, Corangamite Shire Council, Bass Coast Shire Council, Regional Development Victoria (within the Department of Economic Development, Jobs, Transport and Resources (DEDJTR)) and the Department of Environment, Land, Water and Planning (DELWP).