A new Econovation Insight Paper explores how circular economy can build industrial capability, support innovation and strengthen cities and regions. Drawing on examples from Australia and overseas, it argues that circular economy should become a mainstream economic development issue.

While innovation districts can be powerful tools for fostering innovation, they are not always the right answer. In many cases, a broader sectoral approach - one that strengthens innovation ecosystems across an entire city - delivers greater impact.

The landscape of local economic development is shifting. Traditional approaches remain important. But new ideas are emerging, reshaping how cities and regions foster economic growth.