Approaches

LEDNA aims to offer the fullest possible number of local economic development approaches that are publicly available. Together with the network members we will refine and add to these. LED is universally seen as a locally driven, planned and partnership approach to improving either:

1. Entire local economies e.g. a small town and its rural surroundings or a city or even a metropolitan region - a location with a common local economy.

2. Specific parts of local economies - e.g. a market square, a port, commercial district, industrial estates, housing or slum improvement areas.

3. Targeted at businesses in the local area - e.g. Business sectors (agriculture, steel, commercial businesses, tourism etc) or business types e.g. new starts, small and medium sized businesses, informal businesses, new technology.

4. Targeted at specific population groups e.g. ethnic minorities, youth or women entrepreneurs.

5. Targeted at institutions that can enable or facilitate the environment for business and economic growth - e.g. educational institutions, business membership organisations and associations, local governments, libraries, safety, health or other basic infrastructure related institutions.