Regional Economic Development Strategies

The NSW Government has assisted local councils to develop Regional Economic Development Strategies (REDS) based on the concept of a Functional Economic Region (FER), which usually incorporates more than one local government area. 

The Centre has led this work and managed a panel of expert contractors to collaborate with councils and local stakeholders on their REDS.

The REDS provide a clear economic development strategy for the region. They also enable faster access to dedicated state funding, such as the Growing Local Economies Fund, and may also be used to support other types of government grant applications.

Eligible industries

Some NSW Government programs use the REDS to determine eligible industries.

Eligible industries vary by region. The regions normally have a competitive advantage and tend to trade their goods outside the local area or sell their services to non-locals.

Retail and restaurants are ineligible. Examples of eligible industries include:

  • Agriculture
  • Forestry
  • Manufacturing
  • Mining
  • Tourism
  • Aged Care Services [1]

In rare cases, population-serving industries that are typically ineligible may extend service provision beyond the FER. For example, specialist health services provided to patients outside the FER. These industries may be deemed eligible where it can be demonstrated that such service ‘exports’ are material to the FER.

Other eligible industries are those that provide key inputs or services to an eligible industry identified in the REDS. For example, transport and logistics are eligible where it addresses transport barriers faced by eligible industries such as agriculture and manufacturing.

If you are considering applying to a NSW Government fund you are encouraged to get in touch with the concierge, or relevant NSW Government program administrator, to discuss your eligibility.

Examples of Eligible Industries identified in the REDS

Read the FAQS about REDS

Map of Functional Economic Regions

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REDS

A number of REDS are now finalised and published below. The remainder are due to be finalised by November 2018.

Functional Economic Region Constituent Councils Regional Economic Development Strategies
Abercrombie
  1. Bathurst Regional Council
  2. Oberon Council
Albury-Wodonga
  1. Albury City Council
  2. Federation Council
  3. Greater Hume Shire Council
  4. Indigo Shire Council (VIC)
  5. Wodonga Council (VIC)
Castlereagh
  1. Gilgandra Shire Council
  2. Warrumbungle Shire Council
Central Coast and Lake Macquarie
  1. Central Coast Council
  2. Lake Macquarie City Council
Central Orana
  1. Dubbo Regional Council
  2. Narromine Shire Council
Clarence Valley
  1. Clarence Valley Council
Coffs Coast
  1. Bellingen Shire Council
  2. Coffs Harbour City Council
Cowra
  1. Cowra Shire Council
Eastern Riverina
  1. Coolamon Shire Council
  2. Junee Shire Council
  3. Lockhart Shire Council
  4. Wagga Wagga City Council
Far South Coast
  1. Bega Valley Shire Council
  2. Eurobodalla Shire Council
Far West
  1. Broken Hill City Council
  2. Central Darling Shire Council
  3. Unincorporated Far West NSW
Hastings-Macleay
  1. Kempsey Shire Council
  2. Port Macquarie – Hastings Council
Hunter
  1. Cessnock City Council
  2. Dungog Shire Council
  3. Maitland City Council
  4. Muswellbrook Shire Council
  5. Port Stephens Council
  6. Singleton Council
  7. Upper Hunter Shire Council
Kiama
  1. Kiama Municipal Council
Lithgow
  1. City of Lithgow Council
Lower North West
  1. Gunnedah Shire Council
  2. Liverpool Plains Shire Council
  3. Tamworth Regional Council
Mid Coast
  1. MidCoast Council
Mid-Lachlan
  1. Forbes Shire Council
  2. Lachlan Shire Council
  3. Parkes Shire Council
Mid-Western
  1. Mid-Western Regional Council
Murray
  1. Berrigan Shire Council
  2. Campaspe Shire Council (VIC)
  3. Edward River Council
  4. Gannawarra Shire Council (VIC)
  5. Moira Shire Council (VIC)
  6. Murray River Council
Nambucca
  1. Nambucca Shire Council
Northern New England High Country
  1. Glen Innes Severn Council
  2. Southern Downs Regional Council (QLD)
  3. Tenterfield Shire Council
Northern Rivers
  1. Ballina Shire Council
  2. Byron Shire Council
  3. Kyogle Council
  4. Lismore City Council
  5. Richmond Valley Council
Orange, Blayney and Cabonne
  1. Blayney Shire Council
  2. Cabonne Council
  3. Orange City Council
Queanbeyan-Palerang
  1. ACT Unincorporated
  2. Queanbeyan-Palerang Regional Council
Shellharbour
  1. Shellharbour City Council
Shoalhaven
  1. Shoalhaven City Council
Snowy Monaro
  1. Snowy Monaro Regional Council
Snowy Valleys
  1. Snowy Valleys Council
South West Slopes
  1. Bland Shire Council
  2. Cootamundra-Gundagai Regional Council
  3. Hilltops Council
  4. Temora Shire Council
  5. Weddin Shire Council
Southern New England High Country
  1. Armidale Regional Council
  2. Uralla Shire Council
  3. Walcha Council
Southern Tablelands
  1. Goulburn-Mulwaree
  2. Upper Lachlan
  3. Yass Valley
Tweed
  1. Gold Coast Council (QLD)
  2. Tweed Shire Council
Upper North West
  1. Gwydir Shire Council
  2. Inverell Shire Council
  3. Moree Plains Shire Council
  4. Narrabri Shire Council
Western Murray
  1. Balranald Shire Council
  2. Hay Shire Council
  3. Mildura Rural City Council (VIC)
  4. Swan Hill Rural City Council (VIC)
  5. Wentworth Shire Council
Western Plains
  1. Bogan Shire Council
  2. Bourke Shire Council
  3. Brewarrina Shire Council
  4. Cobar Shire Council
  5. Coonamble Shire Council
  6. Walgett Shire Council
  7. Warren Shire Council
Western Riverina
  1. Carrathool Shire Council
  2. Griffith City Council
  3. Leeton Shire Council
  4. Murrumbidgee Council
  5. Narrandera Shire Council
Wingecarribee
  1. Wingecarribee Shire Council

Contact

Email the Centre for Economic and Regional Development with your enquiry about the REDS.

References

  • [1] Identified as eligible where the service offering materially attracts new residents, indicated by a significant net inflow of retirees.