Economic Development Strategy & Recover Plan 2022 – 2025


The Economic Development Strategy and Recovery Plan will consider the economic and demographic trends that are impacting the local economy and will highlight the issues and opportunities available for Banyule’s economy and business community. This is particularly important considering the COVID-19 challenges placed on businesses across Banyule.

Why a new strategy

The timing for the development of a new strategy is ideal, due to a range of factors including (but not limited to):

The expiration of the current plan at the end of 2020.
The opportunity to coordinate and integrate projects delivered by internal teams that relate to economic prosperity and local jobs.
A changing environment e.g. we know this area will be significantly impacted by construction of North East Link Project, which will present a range of business development and investment challenges and opportunities.
Current and emerging trends in economic development and the need for a well-considered Council position.
The impacts on the local economy resulting from the COVID-19 pandemic.

Our approach

The Economic Development Strategy and Recovery Plan will link strongly with the Council Plan 2021 – 2025 and the Community Vision, as part of Banyule 2041 strategic objective “Our Thriving Local Economy”, to deliver meaningful outcomes that align with Council’s strategic priorities.


The Strategy will be informed by policy, research and best practice in economic development.

We will:

  • form a Project Reference Group (PRG)
  • undertake surveys and workshops with subject matter experts, government, business and community and Council staff
  • review relevant international, national, state and local policy and plans
  • research and benchmark information relating to economic participation and opportunities.

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Project Reference Group

An Expression of Interest was carried out to recruit community members Economic Development Strategy and Recovery Plan Project Refence Group.

Twelve places have been filled representing a broad cross section of the community.

The Project Reference Group will guide and define the direction and needs of the Strategy. This group will be made up of key stakeholders, including Trader Associations, business owners and operators and industry bodies.

Membership categories include:

  • Banyule Trader Association, Business Association or Body Corporate (Centre Manager or Committee Member/President) (2 members)
  • Representative Body in Melbourne’s North (organisation or government (2 members); andBanyule Business operator and/or owner (8 members)
    •  Proposed breakdown by industry type:
      • Accommodation and Food Services
      • Construction
      • Education and Training
      • Health Care and Social Assistance
      • Home Based Business
      • Manufacturing
      • Professional Services, Scientific and Technical Services
      • Retail Trade