Building business opportunities in Bannockburn
20/03/2023The Victorian Government is laying the groundwork for businesses to grow in Bannockburn by preparing more land for industrial development, potentially creating more than 500 jobs.
The 270-hectare expansion to the Bannockburn Industrial Estate is backed by $2 million from the Regional Infrastructure Fund.
The expansion included the construction of a stormwater basin and pump station, and a new table drain alongside the precinct to help with water runoff. The works allow for the private sector to initially create 70 new lots to help meet the demand for industrial land at Bannockburn.
The first stage of the Bannockburn Industrial Estate is a busy light industrial precinct, home to many local Golden Plains businesses including a gym and storage units. The expansion will allow for more businesses to move into the precinct, predicted to create 525 jobs.
The rezoning of the precinct is now underway with the design and construction of the development to begin later this year. Several businesses have already put their name down on the waitlist, to purchase land once its complete.
The precinct is a priority in the Bannockburn Growth Plan with a short supply of industrial land preventing business growth. The plan highlights the need to create more jobs in Bannockburn with 18,000 new residents forecasted to move to the Golden Plains Shire by 2050.
The Regional Infrastructure Fund is part of the Victorian Government’s flagship Regional Jobs and Infrastructure Fund helps businesses create jobs in regional Victoria, supports community projects and backs councils to build the infrastructure that locals and visitors need.
The Fund is part of the Government’s record investment of more than $36 billion in rural and regional Victoria since 2015. For more information go to Regional Jobs and Infrastructure Fund.