Media Release: Garden Route Investment Prospectus formulated to attract domestic and foreign investment
For immediate release
25 January 2021
On Friday, 22 January 2021 the Garden Route Investment Prospectus was tabled and adopted by the Garden Route District Municipality (GRDM) Council during an Ordinary Council meeting. This investment guide is the official regional publication which highlights many of the investment opportunities for the region.
According to Mr Lusanda Menze, GRDM Executive Manager for Planning and Economic Development, “the prospectus was developed and compiled during 2020 financial year and contains regional catalytic investment opportunities of all seven local municipalities, as well as opportunities relating to the GRDM”.
“The investment prospectus situates opportunity zones on several levels and provides an economic context for such zones,” said Menze.
The overarching objectives of this prospectus are to attract national and international investors to the Garden Route by:
- displaying the vast range of investment opportunities available in the region;
- providing insights into the region’s investment friendly climate; and
- not only attracting new investments but also to expand existing investments in the Garden Route.
Local municipalities, business chambers, government agencies, private sector stakeholders amongst others, were consulted in the process of compiling the document and identifying the most promising investment opportunities. WESGRO, the Western Cape’s Tourism, Trade and Investment Promotion Agency, remains a partner in the roll-out of the process to attract investment and will work alongside stakeholders to promote the region’s opportunities.
The high-quality print catalogue is available digitally, while 200 printed copies are currently available for distribution. The GRDM is approaching growth and development in a holistic nature looking at all sectors of the economy. It is also important to view the linkages that would promote widespread socio-economic growth. Therefore, GRDM is looking at achieving the following:
- to attraction both outward and inward investment;
- investment in both hard and soft infrastructure;
- making the business environment more conducive to business;
- involve a participatory approach to local economic development;
- involve Public Private Partnerships (PPP) wherever possible; and
- move towards community-based local economic development
Local economic development is one of the key focus areas for the GRDM and by realising its strategic importance, sustainable and inclusive growth will be possible.
Click on the link below to download the document: