The Greater Sydney Commission is leading the delivery and coordination of four 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 four key areas the Commission will focus on are:
- Tech Central
- Westmead Health and Innovation District (including Parramatta North)
- Macquarie Park Innovation Precinct
- Central Coast Strategy
The Tech Central precinct (formerly Sydney Innovation and Technology District) includes six sub-precincts that seek to attract a variety of industry investment.
These sub-precincts include the area around Central Station referred to as Tech Central, the Redfern and North Eveleigh Precinct, the Ultimo Creative Precinct, the Camperdown Health, Education and Research Precinct and the Surry Hills Precinct.
The Commission is supporting NSW Treasury to meet the initial objectives in activating the precinct to create 25,000 additional innovation jobs, 25,000 new STEM and life sciences students, facilitate 250,000 square metres in net lettable area for technology companies and 50 000 square metres in net lettable area for startups, scale-ups, innovation ecosystem partners and other early stage companies.
The Commission is leading 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 will continue building on its 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 is leading 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.
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 the country 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.
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 is providing leadership and coordination to identify wider opportunities for the Central Coast and engage the private sector as partners.
The Commission is leading 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 Central Coast Council.
As part of this work, the Commission recently engaged with Central Coast community members and businesses about economic opportunities in the region.