Accelerating opportunities and recovery efforts

01 Dec 2020
The Commission will lead the delivery and coordination of five key precincts with the greatest opportunity to accelerate economic recovery for Greater Sydney.

With the involvement of many government and non-government stakeholders, these precincts will act as catalysts for broader economic growth. These precincts will complement and reinforce each other, incorporating social, economic and sustainability benefits into their strategic development.

The five key areas the Commission will focus on are:

  • Sydney Innovation and Technology District (Tech Central)
  • Westmead Health and Innovation District (including Parramatta North)
  • Macquarie Park Innovation Precinct
  • Meadowbank Education and Employment Precinct
  • Central Coast Strategy

Tech Central

The Tech Central precinct includes six smaller nodes that will seek to attract a variety of industry investment.

These nodes include the area around Central Station referred to as Tech Central, Redfern and North Eveleigh Precinct, Ultimo Creative Precinct, Camperdown Health, Education and Research Precinct and Surry Hills Precinct.

The Commission will support NSW Treasury to meet the initial objectives in activating the District to create 25,000 additional innovation jobs, 25,000 new STEM and life sciences students, facilitate 200,000 m² in net lettable area for technology companies and 50 000 m² in net lettable area for start-ups, scale-ups, innovation ecosystem partners and other early stage companies.

The Commission will lead a One Government integrated project team to develop a global precinct vision focusing on the tech sector and creative industries, enable coordination of all key government agencies, oversee the delivery of key priorities for the precinct and provide advice to the Minister for Jobs, Tourism, Investment and Western Sydney.

Westmead Health and Innovation District (including Parramatta North)

Westmead Health and Innovation District will continue building on its existing status as a globally recognised destination for innovation, health, education and research capitalising on existing major health and research facilities and ongoing government investment in health and transport infrastructure. The District includes the Westmead Health Core, Parramatta North Precinct and the growing transport centre including the existing Westmead station and future Metro and light rail stations.

The Commission will support NSW Treasury and Health to create an additional 20,000 jobs, an additional $2.8b economic output for NSW p.a. and over 25,000 additional tertiary students in an integrated new university precinct.

The Commission will lead a One Government integrated project team to develop a global District vision focusing on the med tech/education and health sectors, enable coordination of all key government agencies, oversee the delivery of key priorities for the District and provide advice to the Minister for Jobs, Tourism, Investment and Western Sydney.

Macquarie Park Innovation Precinct

The Macquarie Park Innovation Precinct includes Macquarie University to the north and extends to North Ryde Station and surrounds in the south. Within this innovation cluster is a world class university, a key regional hospital and a high-tech employment hub. The Precinct is the largest non-CBD office market in Australia and is set to become Australia’s fourth largest commercial precinct by 2030.

The Commission is leading the delivery of a Strategic Infrastructure and Service Assessment (SISA) to support a Place Strategy being prepared by DPIE. Collaboration between state and local government will guide the sustainable future development of Macquarie Park.

Meadowbank Education and Employment Precinct

The Meadowbank Education and Employment Precinct will reimagine the way we learn and connect. With education at its heart, the wider Precinct will connect students to training and employment opportunities with local industry and the surrounding community and will close to double the number of local jobs in the Precinct by 2051.

The Precinct includes the relocated and expanded Meadowbank Public School and Marsden High School; a new Multi-Trades and Digital Technology Hub at the TAFE NSW Meadowbank campus; the revitalisation of the West Ryde Industrial Area and Sydney Water’s West Ryde Pumping Station to attract new businesses and grow the local economy with public domain improvements and critical transport and accessibility projects.

Central Coast Strategy

The Central Coast Strategy will aim to revitalise Gosford and the Central Coast with a focus on job creation and investment within the region.

There has been a focus on the Central Coast Education and Employment Precinct led by the Hunter and Central Coast Development Corporation (HCCDC). The Commission can provide leadership and coordination to identify wider opportunities for the Central Coast and engage the private sector as partners.

The Commission will lead the delivery of a strategy setting out future opportunities for the Central Coast, with HCCDC as a key partner and working closely with lead agencies such as NSW Treasury, DPIE (Gosford), Regional NSW and Council.

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