Industrial sites in Altona North, Derrimut Fields and Merrifield North are among those earmarked for development under a new plan announced by the state government.
Recently released by Planning Minister Sonya Kilkenny, the 10-Year Plan for Industrial Land aims to unlock more than 5,800 hectares or more than 2,800 MCGs worth of land for industry to spur on investment and to support businesses across Victoria.
The 10-year plan sets out when and where land will be released and rezoned and according to the government, will be backed by faster planning approvals, coordinated infrastructure delivery, and streamlined processes to help attract investors.
Planning is underway to unlock key sites in growth corridors in Melbourne’s west and north as well as regional Victoria, including in Altona North, Merrifield North, Derrimut Fields, Hastings, Avalon, Ballarat, Bendigo and Parwan.
While protecting the most valuable tracts of industrial land through zoning controls, it’s hoped the plan will create a pipeline of employment precincts across Melbourne’s greenfields with capacity for about 100,000 jobs by 2035.
The government claims that once fully developed, the plan is expected to unlock around $9.5 billion in new investment that will drive confidence, attract capital, and boost economic growth across the state.
Ms Kilkenny said the 10 year plan was about backing industry and jobs for Victoria’s future.
“We’re unlocking the land we need for the industries that power our economy – from freight and logistics to advanced manufacturing,” she said.
Details: planning.vic.gov.au/guides-and-resources/strategies-and-initiatives/a-10-year-plan-for-industrial-land.
