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LOCAL INDUSTRY DEVELOPMENT PLAN This document provides a template to prepare a Local Jobs First Victorian Industry Participation Policy (VIP) Local Industry Development Plan (LID). Use of this guide
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How to fill out local industry development template

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How to fill out local industry development?

01
Conduct a comprehensive analysis of the current state of the local industry, including its strengths, weaknesses, opportunities, and threats.
02
Identify key areas for improvement and prioritize them based on their potential impact on the industry's growth and competitiveness.
03
Develop and implement targeted strategies and initiatives to address the identified areas for improvement, such as providing business incentives, fostering innovation, and strengthening workforce development programs.
04
Collaborate with industry stakeholders, including businesses, government agencies, educational institutions, and community organizations, to ensure a coordinated and holistic approach to local industry development.
05
Monitor and evaluate the effectiveness of the implemented strategies and initiatives, making necessary adjustments and improvements based on the feedback and outcomes.
06
Continuously promote and support the local industry through marketing campaigns, industry events, and networking opportunities to attract investments, create job opportunities, and stimulate economic growth.

Who needs local industry development?

01
Local businesses: Local industry development can provide businesses with the necessary support, resources, and opportunities to grow, expand their operations, and compete more effectively in the market.
02
Government agencies: Local industry development is crucial for governments to promote economic development, create jobs, and attract investments, ultimately driving the overall growth and prosperity of the region.
03
Workers: A thriving local industry can offer employment opportunities, advancement options, and better wages, benefiting the workforce and contributing to the socio-economic well-being of individuals and communities.
04
Communities: Local industry development can lead to a stronger local economy, increased tax revenues, improved infrastructure, and enhanced quality of life, thereby benefiting the entire community.

What is local industry development Form?

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Local Industry Development Plan (LIDP) ‒ A Local Industry Development Plan is a document prepared by the supplier as part of the EOI, RFP and/or tender submission for a Local Jobs First project.
Local industrial strategies (LIS), led by Mayoral Combined Authorities or Local Enterprise Partnerships, will promote the coordination of local economic policy and national funding streams and establish new ways of working between national and local government, and the public and private sectors.
What are Traded and Local Industries? primarily serve the local market. Examples of local industries would be real estate services, hospitals, or personal services such as drycleaners.

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Local industry development refers to initiatives and programs aimed at fostering economic growth within a specific locality by supporting local businesses, attracting investments, and enhancing workforce capabilities.
Entities involved in local industry development, such as businesses that receive funding or incentives, or local government units that report on economic progress, are typically required to file local industry development reports.
To fill out local industry development forms, one should gather relevant financial data, project descriptions, and metrics on local employment, then complete the forms according to the provided guidelines and submit them to the appropriate authority.
The purpose of local industry development is to stimulate economic growth, create jobs, enhance competitiveness, and improve the overall quality of life in the community by strengthening local industries.
Information that must be reported typically includes project budget, expected outcomes, employment impacts, investment amounts, and any collaborations with local businesses or workforce development programs.
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