Melbourne’s north: the new knowledge economy
The 2009 Melbourne’s North: the new knowledge economy report, prepared by the National Institute of Economic and Industry Research (NIEIR), provides a framework for policy and action required to achieve knowledge-based economic development. It summarises the issues involved and provides recommendations on the way forward.
Melbourne’s north is the region covering the local government areas of Banyule, Darebin, Hume, Moreland, Nillumbik, Whittlesea and Yarra. It is highly diverse, and its inner areas are transitioning to a knowledge economy and the creative industries as manufacturing, logistics and warehousing activities increase in the outer areas.
While the region has many advantages, it also faces significant challenges. Along with the rest of the world, it is currently experiencing economic transition and uncertainty. Unparalleled population growth, a decline in manufacturing and transport congestion present issues that require urgent action. However, with the correct strategic interventions, this report shows that the region has an opportunity to capture more than its share of Melbourne’s forecast growth.