20-12-2022
MEDIA RELEASE SUPPLIED BY CANBERRA REGION JOINT ORGANISATION
The ACT and NSW Governments and the Canberra Region Joint Organisation (CRJO) are proud to present the Canberra Region Economic Development Strategy – A Prospectus for Collaboration.
The development of the Canberra Region Economic Development Strategy (CREDS) is a key priority in the ACT-NSW Memorandum of Understanding on Regional Collaboration signed by the ACT and NSW Governments in June 2020, and the CRJO Statement of Strategic Priorities signed in 2019.
The aim is to define a coordinated approach to activate critical economic development opportunities and realise the full potential of industry, employment and growth across the Canberra region.
This objective has evolved into the Canberra Region Economic Development Strategy – A Prospectus for Collaboration that identifies common pillars for economic development.
It reinforces our shared commitment to work together to further develop an economically prosperous region that provides a high quality of life and is resilient, accessible and environmentally sustainable.
The Canberra region is geographically and economically diverse. It possesses a vibrant, mobile and highly skilled workforce across a wide range of engine and emerging industries, providing the foundation for a strong economy based on its extensive natural, human and manmade economic endowments.
The Strategy aligns with and reinforces the key strategic priorities of the ACT and NSW Governments and surrounding Local Government Areas (LGAs), to promote economic development in the Canberra region and identify areas where joint action can benefit the region as a whole.
This includes supporting collaboration through new and existing channels, within these five key pillars for economic development:
- Growth and Diversification – Supporting engine and emerging industries in the Canberra region.
- Skills and Innovation – Promoting the skills and innovation required to secure the region’s long-term success.
- Visitor Economy – Continuing to develop visitor economy offering on a regional level.
- Natural Capital – Leading on climate action, including increasing resilience to natural hazards and protecting the region’s environmental assets.
- Liveability – Supporting a vibrant, highly liveable region that prioritises social advancement and community wellbeing, including efforts to improve the affordability and accessibility of housing.
This strategy responds to the needs of the Canberra region as of December 2021. As new challenges arise, the ACT and NSW Governments and the CRJO will continue to work together to ensure the region is building on its unique strengths and economic opportunities.
The NSW, ACT, and local governments regularly update the key strategies and plans that have informed the CREDS. This document should be read in conjunction with updated strategies where they are available. Refreshed documents will inform and underpin a commitment to a regular review of the CREDS.
Andrew Barr, Chief Minister of the ACTThe Hon Paul Toole MP, Deputy Premier
Minister for Regional NSW and Minister for PoliceClr Russell Fitzpatrick, Chair, Canberra Region
Joint Organisation