Step 5: Strategy review

Reviewing an economic development strategy is normally done on an annual basis and usually in conjunction with the local authority's financial planning cycle. Questions that might be considered include:

  • Is the SWOT analysis still valid or have circumstances changed? Do we have more information to hand that changes our view of the issues?
  • Are changes required in the vision, goals or objectives to reflect changing circumstances?
  • Are projects achieving what we hoped they would achieve? If not, what should be done?
  • Are we meeting the performance indicators we established? If not, why not? What do we need to do? Do we change the indicators? Seek more action on projects? Change the nature of projects?