Frequently asked Questions
No. Participating in the development of a REDS, while desirable, is voluntary. However, REDS will be produced for each FER and will be used to guide NSW Government investment decisions. Therefore, councils will best be able to influence REDS content through participation in the process.
The NSW Government has engaged a panel of expert contractors to work in collaboration with councils and local stakeholders. These contractors have experience developing REDS in Australia and internationally.
If requested, an existing strategy can be reviewed by an expert contractor. There is no obligation to amend or update any content of the existing strategy after this review, and its contents can be incorporated into the overarching REDS for that FER.
Regions are different across NSW and contractors will take a region-specific approach as required. However, the overall methodology will be similar to ensure consistency across regions and that the individual REDS represent best practice.
Local government boundaries do not always reflect the boundaries of regional economies and economic interaction. REDS will be based on FER boundaries, which may include multiple LGAs, to better target investments aimed at growing or establishing regional competitive advantage. The size and nature of the FER will differ across the state and will be informed by economic data from the Australian Bureau of Statistics.
Only where a FER is comprised of a single LGA, which is uncommon. However, each REDS can contain sections specific to each constituent LGA, with this information contributing to the overall strategy.
No, REDS are local government documents and ownership and control of their development will rest with participating councils. However, they must clearly identify the FER’s strengths, articulate a long-term economic vision and describe the key priorities and associated enablers that are required to deliver the vision so they can be used to inform NSW Government investment decisions. This minimum content is expected to be developed by stakeholders participating in the REDS process. The NSW Government’s involvement will be limited to providing advice and support where it is requested.
The REDS should reflect community preferences and their vision for the regional area. A comprehensive consultation process with local stakeholders would typically be undertaken during the development of the REDS. These would include, but may not be limited to, local businesses and peak bodies, community organisations, government bodies and representatives as well as other interested stakeholders.
The REDS will provide a clearly articulated economic development strategy for the region which can be used to inform and guide the economic development activity of councils and business. In addition, the REDS will enable faster access to dedicated state funding, while ensuring compliance with the legislation that governs the NSW Government’s infrastructure investment funds. Further, the strategy may also be used to support other types of grant applications to the NSW and Commonwealth Governments.
The NSW Government recognises the importance of regional planning as well as the limited resources available to some local government areas. The cost of the contractors helping develop the FER-based REDS will be met by the NSW Government.
The timeline for each REDS is determined by councils but there is a preference to complete the REDS as soon as practical. All REDS will be finalised by the end of September 2018.