NSW GOVERNMENT FUNDING PAVES THE WAY TO BRAND NEW BUSINESS PRECINCT AND DEVELOPMENT

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NSW GOVERNMENT FUNDING PAVES THE WAY TO BRAND NEW BUSINESS PRECINCT AND DEVELOPMENT


Friday, 14 December 2018

The development of a new technology, sport science and residential precinct at Jerrabomberra has been made possible thanks to $23 million in NSW Government funding.

Deputy Premier and Member for Monaro John Barilaro said the South Jerrabomberra Innovation Precinct would transform vacant land into a 43 hectare Technology Park and a 16 hectare industrial estate, with 33 hectares allocated for a Business Incubator Hub, Regional Sports Hub, Rail Modal and a new high school.

Mr Barilaro said the precinct would attract businesses wanting to be close to the nation’s capital along with other firms looking for more cost effective facilities, while retaining their current customer base.

The new precinct will draw businesses to the Queanbeyan region and create up to 5,900 new jobs.

Funding will build an access road and cycleway to the precinct, as well as essential electrical, gas, water, sewerage and fibre optic connections which will be delivered in partnership with the Queanbeyan-Palerang Regional Council.

“Building these access roads and service connections is a vital first step that will enable the innovation precinct to be developed, creating local jobs, generating demand for business and growing the local economy,” Mr Barilaro said.

“It is an important project that will provide business and employment opportunities for Queanbeyan, attracting technology and sport science businesses and providing a pathway for our best and brightest young minds.

“The proposed Business Incubator Hub will be operated in partnership with a suitable university, with links to the new high school, both of which will offer pathways to companies in the new Technology Park and Sports Hub science and rehabilitation centre.”

There is possibility of new rail freight facility, which would serve as an inland port, creating freight links to Port Kembla, Nowra, Batemans Bay, the port of Eden and Canberra Airport, linking businesses to customers around the world.

“Regional NSW is the perfect place to build a life, raise a family and start or grow a business; a place where you can be confident of a future full of opportunity, and projects like the South Jerrabomberra Innovation Precinct are proof of that,” Mr Barilaro said.