This qualification has been designed to provide the qualifying learner with the competencies needed to undertake a range of local economic development processes with the strategic intent to mobilise local skills and resources around the tackling of development challenges within a municipality. Identifying, harnessing and using resources to stimulate the economy cannot be sustainable unless it is the result of thorough planning, implementation and monitoring processes.
The purpose of this qualification is to prepare the qualifying learner to practise in the local economic development sector in a range of municipalities of different sizes and challenges and to mange the work of others in an LED unit.
Qualifying learners will be able to design and apply systems for the monitoring, reporting and evaluation of LED programmes. The emphasis of the qualification is enabling the learner to design and implement systems and plans to facilitate the work of other officials in an LED unit.
Rationale for the qualification:
Local Economic Development is a process to secure greater local control over business enterprise, labour, capital and other resources. Local Economic Development strategy is based on the concept that economic activity can be used to improve the quality of life for all members of the community.
A Local Economic Development strategy should include economic aspects (growth in jobs, income, business activity, etc.), development (need for structural change, quality of development, etc.) and the needs of the local community (poverty reduction, satisfying basic human needs, integrated social and environmental objectives). Governance is another aspect of economic development that should be included in economic development strategies. Governance is seen as the capacity of institutions to manage and administer policy, processes and programmes that represent the broad interests of all individuals and groups involved while at the same time complying with ethical and legislative requirements.
This means that Local Economic Development cannot succeed if it is merely a once-off exercise of attracting a single development project for an area/community. Local Economic Development means having a clear Local Economic Development strategy that includes the reality of the marketplace, helps create a positive environment for economic activity, reflects the values of its citizens and complies with ethical and regulatory requirements.