The document outlines Devon County Council's plan to create a Local Economic Assessment (LEA) as required by legislation. The LEA will analyze Devon's economy, identify economic factors and inform local strategies. It will include analysis of business sectors, skills, inclusion, sustainability and more. Devon's approach involves collaborating with districts, stakeholders and businesses to develop an evidence base on the current economy and future growth assumptions. Challenges include aligning the LEA with other local strategies and timelines.