Territorial approaches place the functioning of institutions (formal and informal) at the core of development initiatives and require strong local participation and representation in the policy process. This calls for strong vertical and horizontal co-ordination in the formulation of local priorities. First, addressing FSN requires an approach that views the term comprehensively, taking into account the four dimensions of availability, access, utilisation and stability. Second, there is a need to integrate agendas for both competitiveness and social inclusion at the level of economic regions, to target these issues in the most inclusive and efficient w'ays possible. Third, these policies should be spatially integrated, allowing sub-national authorities to be pro-active in the design and delivery of development strategies, but in ways that do not ignore the importance of multi-level co-ordination and the regulatory role of central governments. One of the principal virtues of a territorial approach to development is that it can be applied to virtually every territory, regardless of initial conditions.