Building a future
The Project
The Future of Yarram project is a Local Development Strategy hosted by the Yarram & District Progress Association. It is funded by the Department of Energy, Environment and Climate Action under the Forestry Transition Program.
The project aims to support the Yarram and district community in their transition away from native timber harvesting, leading to the creation of new jobs, growth and opportunities for the region, with long term economic and social benefits.
The Future of Yarram project is an exciting opportunity for Yarram and district to participate in building an improved and resilient future for all.
The project used Smart Specialization Strategy to analyze the communities in the Yarram district with the goal of creating a set of projects ready for investment.
The starting point of the Smart Specialization process was a close examination of the existing status of economic, social and environmental characteristics of the district through a regional context analysis.
Through that analysis, the assets and resources which are available to support economic innovation became clear, as well as the key policy initiatives that are relevant to the district.
Four Steps to an Improved Future
-
Understand current innovation, assets and ways of working within sector/place.
Identify and explore themes for potential competitive advantage.
-
Analyse the opportunities within each theme.
Potential value propositions defined.
-
Testing and trialling value propositions for competitive advantage.
Development of business case.
-
Business cases activated to attract funding and investment.
Maximised return on investment.
Greater value for community.
The Process
Smart Specialization Strategy (S3)
Smart Specialization Strategy (S3) methodology provides an opportunity to spark cross-sectoral innovations and connections.
If you’re new to the concept of we’re excited to have you on board to help us expand and strengthen this way of working across community, industry, education and government.
