Across the OECD and EU, persistent spatial disparities in economic, social and environmental outcomes are being amplified by megatrends, risks and shocks – climate change, technological change, globalisation and demographic change. This has resulted in some communities feeling 'left behind' and being faced by new threats.

Against this backdrop, place-based policies have seen renewed interest. This report synthesises the latest knowledge and evidence on place-based policies to provide policymakers across all levels of government with insights on the design and implementation of better (place-based) policies for better lives. It offers guidance on how these policies can be designed and implemented to maximise their impact in, and for all regions. 

The report emphasises the need for well-coordinated and multi-dimensional policy action that engages all levels of government, as well as broader stakeholders. It calls for more forward-looking policies that promote sustainable and resilient development. It highlights the importance of robust and evidence-based policymaking, supported by effective monitoring and evaluation.

These policies can respond to the needs and potentials of diverse places, while also contributing to national competitiveness and social cohesion. Increased adoption of place-based policies calls for a greater understanding of their purpose and of how to effectively design, implement and evaluate them.

Infrastructure Australia's report 2022 Regional Strengths and Infrastructure Gaps is included in the report as an example of adopting a place-based approach.