The state government is unlocking industrial opportunities in Bannockburn with a $2 million grant to support the development of the Bannockburn South West Industrial Estate.
The funding will support an additional $1.1 million investment from landowner Josco to enable the installation of critical drainage infrastructure.
It is hoping the stormwater solution will help spur business growth and encourage private sector investment within the 268.5 hectares of undeveloped land, as identified in the Bannockburn Growth Plan.
Implementation of the Bannockburn Growth Plan is an element of the G21 Regional Growth Areas Priority Project.
Currently, the Bannockburn Industrial Estate is home to local businesses in 35 lots across 12 hectares such as a gym and self-storage units. Land in the light industrial precinct is in demand, however expansion is not possible at present, due to the lack of drainage infrastructure to service the adjoining land.
The funding will deliver the construction of an onsite retarding basin and pipe network to manage the stormwater on the surrounding parcels owned by Josco. This will unlock an additional 21.7 hectares of adjoining land for the next stage of the Bannockburn Industrial Estate.
The Bannockburn Growth Plan will deliver 6,000 additional homes – and more than 18,000 new residents – in the south of the town, significantly increasing the population of the Golden Plains Shire.
The project is expected to generate employment for five full-time equivalent staff during construction. Design works are underway and the project will be finished by mid-2022.
Above Image: Mayor Cr Helena Kirby, Minister Mary-Anne Thomas and John O’Shannessy, Director of Josco Pty Ltd.