regional NSW highway
Image – Zaharov, Getty Images
  • Funding is part of the $4.2 billion Snowy Hydro Legacy Fund
  • Precinct will attract workers form nearby ACT
  • Business park has already revicied $23 million from the NSW Government

As part of the Snowy Hydro Legacy Fund, the NSW Government has announced South Jerrabomberra’s Innovation Precinct as the third Regional Job Precinct in the state.

John Barilaro, the Deputy Premier, remarked that South Jerrabomberra – which is in Queanbeyan, adjacent to Canberra – was a perfect choice due to industry alignment and access to skilled workers.

“This Job Precinct will enable us to work with Queanbeyan-Palerang Regional Council to realise the true potential of the existing Innovation Precinct, which targets industries such as defence, space, cyber-security, information technology and scientific research sectors,” said Mr Barilaro

“It will also supercharge opportunities locally, meaning thousands of workers will be able to stop the daily commute over the border to the ACT, and instead be able to access high paying jobs right here in South Jerrabomberra.”

Mr Barilaro also said this project will build on the $23 million that the NSW Government has already invested in the business park.

The Deputy Mayor of the Queanbeyan-Palerang Regional Council, Cr Michele Biscotti, welcomed the announced and said she is thrilled about the new precinct, in particular the opportunities that will arise for the region.

“This is great news and presents an opportunity for the NSW Government to work with council to address current barriers to development and drive meaningful planning reforms that will encourage investment in the region,” Cr Biscotti said.

The funding is a part of the Special Activations Precincts program which is supported by the Legacy Fund that totals $4.2 billion.

Albury and Richmond Valley were the first two regional areas announced with the final one to be announced in the coming weeks.

You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Housing crisis survival guide: How to buy your first Australian property

Three property experts give the low down on how to nab a home in this tough housing market.

Strata properties as investments: All you need to know about investing in a Perth unit

As the cost of renting approaches the cost of a mortgage, more people are investing in units to escape the rental trap.