The Sunshine Coast Regional Economic Development Strategy has been launched by SunROC (the Sunshine Coast Regional Organisation of Councils). Sunshine Coast region includes the City of Caloundra and the Shires of Maroochy and Noosa, in Queensland. A renowned tourism and lifestyle region, it is one of the fastest growing in Australia - with a population estimated to increase from 270,000 people today to almost 500,000 people in 20 years' time. SGS prepared the Economic Development Strategy, in collaboration with regional stakeholders, to provide a framework for continued efforts to encourage economic growth without compromising the Sunshine Coast's enviable lifestyle attributes.
SGS also prepared a supporting study, the Sunshine Coast Knowledge Economy Strategy.
From the Sunshine Coast Daily of 27 November, the following two items about the Economic Development Strategy and the Knowledge Economy Strategy....
Economic development strategy will drive sustainable job growth for region
- Sunshine Coast Daily 27 November 2004
The Sunshine Coast Regional Economic Development Strategy is a shared vision of the three local councils. It is designed to provide a clear direction for the future, by documenting co-ordinated action plans to promote and facilitate regional prosperity on the Sunshine Coast. The study identified priorities for action to encourage investment and employment growth on the Sunshine Coast while ensuring that the region's unique attributes are protected, nurtured and capitalised upon for all segments of the Sunshine Coast community.
The study results are endorsed in the recently released South East Queensland Regional Plan which supports small and home-based businesses, start ups, entrepreneurs, as well as providers of business and professional services including those with development potential. In order to achieve this, the State Government has committed to providing infrastructure and programs to support advanced technologies, research and development, innovation, skilling and entrepreneurship.
Collaborative action from the three local councils, the State Government, tertiary institutions and private enterprise is required to create and maintain an investment environment that will assist in the creation of approximately 30,000 sustainable jobs in the region over the next 25 years.
The following Sunshine Coast economic sectors will be key players in driving economic prosperity and growth for the region:
Knowledge economy strategy progress report
Sunshine Coast Daily 27 November 2004
The Knowledge Economy Strategy responds to a core element of the regional economic development strategy in that ‘knowledge' job creation on the Sunshine Coast is crucial for future economic prosperity.
This Strategy follows on from the State Government's draft South West Queensland Regional Plan which supports a diversified regional economy characterised by knowledge based, high value added industries and building on existing regional and sub-regional competitive advantages and specialisations.
The Regional Plan promotes high value added jobs and building knowledge based industries including advanced manufacturing, aviation, biotechnology, professional/business services, information and communications technologies, food and agribusiness, tourism, marine and pharmaceuticals.
SunRoc's aim is to work with the three local Councils, Government, local tertiary institutions and private enterprise to encourage the creation of industry clusters as they have a variety of environmental factors that promote ongoing innovation as well as the development, dissemination and adoption of new knowledge.
If local industries are to transform themselves into regional industry clusters, then the following issues need to be addressed and provided:
supportive physical infrastructure,
supportive institutional infrastructure and
collaborative leadership initiatives.
The second major progress report for the Knowledge Economy is currently underway and expected to be completed by Christmas this year.
The second study will have two major thrusts:
For more information about SGSs role in the two studies, contact Sasha Lennon, SGS Director in the Brisbane office of SGS.
You can view the Sunshine Coast Economic Development Strategy at http://www.businessmaroochy.com/pdf/SC_Regional_Ec_Dev_Report_Nov04.pdf