Industrial Land Development Strategy shows need for a business park
The Greater Bendigo Industrial Land Development Strategy was adopted by Council last night, confirming the need to urgently find more land for a business park in Greater Bendigo.
The strategy, developed in partnership with the Victorian Planning Authority, has involved comprehensive community and industry engagement about available and appropriate industrial land, as well as a detailed assessment of the existing supply of land and a Strategic Economic Inputs report about forecast demand.
Mayor Cr Margaret O’Rourke said manufacturing and construction accounted for nearly a third of Greater Bendigo’s economic output.
“There are an additional 3,300 jobs projected in these industries by 2036. However, this is reliant on having available industrial land to enable business expansion and new industry to establish in Greater Bendigo,” Cr O’Rourke said.
“Currently there is less than 11 years of available industrial land supply and even less in large lots of over one hectare. Of the land which remains, much is heavily fragmented, or has other issues such as being heavily vegetated or prone to flooding, with 60 per cent located within 500 metres of residential development, making it unsuitable for some industrial uses.
“This is substantially less than most other regional centres, putting Greater Bendigo at a distinct disadvantage. Greater Bendigo is also challenged compared to other major regional centres in Victoria that can offer large parcels of serviced and zoned industrial land in a large ‘greenfield’ estate. It is critical that the City plans for a 30-year pipeline of industrial land supply to ensure that it remains competitive and grows future jobs.
“Now the strategy is adopted, we will work towards finalising a site or sites for a future business park as soon as is possible. Once a site has been decided on, there will be further discussions with the community.”
For more information, please visit www.bendigo.vic.gov.au/industrial