Local authorities may run economic development initiatives to facilitate and encourage economic and business development to improve the attractiveness of the local area as a place to invest.
Local authorities may monitor economic performance indicators. These indicators include employment, enterprise, investment, housing, consumer behaviour and commercial property to benchmark their progress against local and national policy targets.
Local Action Groups may provide financial support to community and voluntary groups and businesses to develop rural tourism, enterprise development, broadband and renewable energy projects to improve rural economies and the quality of life in rural areas.