The Tasmanian Government is committed to growing private investment, simplifying business conditions and unlocking economic opportunities across the state.
The Economic Diversification and Investment Strategy is the framework through which the government will drive the delivery of these commitments. It will translate these goals into a coordinated approach to economic development across government, and will support the decisions needed to secure long-term prosperity over the coming decade.
In a challenging economic and global environment, it is even more important that Tasmania makes it easier for businesses, investors, workers and regions to create value. Public expenditure alone cannot drive the prosperity Tasmanians expect. The most durable path is to improve the conditions for private investment, lift productivity, grow participation and concentrate government effort where it can have the greatest impact. This is critical in a fiscally constrained environment.
The Economic Diversification and Investment Strategy will enable a shift in how the Tasmanian Government supports economic development. It will help focus effort where it matters most and support more effective coordination across government, agencies and government businesses. As an overarching economic framework, it will help guide specific economic, sub-sector and industrial policies and help prioritise public funds to their highest value purpose. It will also clarify what information the government requires to decide when and how to intervene.
