WESTERN Sydney is set to become a nucleus of research, technology and innovation with the approval of a planning proposal to enable development of the Sydney Science Park, the Department of Planning and Environment announced last week.
A spokesperson for the Department said the high-tech employment, education and housing project will create more than 12,000 knowledge based jobs, provide a world-class environment for research and development and contain 3,400 new homes.
"The Sydney Science Park will be a vibrant employment and residential hub for students, residents and workers," the spokesperson said.
"There will be a town centre at the heart of the city, around 80 hectares of open space, space for research and education, as well as 3,400 homes, including student accommodation."
The approval of the Sydney Science Park planning proposal will change planning controls on the site, allowing different types of development to be built and a maximum height limit of up to seven to eight storeys.
The park will be in the Western Sydney Employment Area, the largest and fastest growing employment area in Sydney. The Area is expected to secure more than 60,000 jobs over the next 30 years and more than 200,000 jobs once fully developed.
"Across metropolitan Sydney, $1.6 billion worth of industrial development was approved in 2015. More than $1.2 billion or 75 per cent of that was in Western Sydney. The value of approved industrial development in Western Sydney has more than doubled in 2015 compared to 2014, when about $650 million was approved," the spokesperson said.
According to the Department's latest Employment Lands Development Monitor (ELDM), as at January 2016, there was:
- About 13,500 hectares of zoned land for industrial-related jobs across Sydney.
- Of this more than 2,900 hectares was zoned but undeveloped. This land will be ready for economic activity once it is serviced with roads and infrastructure.
- A further 6,500 hectares of land has been identified as being potentially suitable for industrial use and may be rezoned once structural planning is complete. This includes land within the Western Sydney Employment Area and South West Priority Growth Area.
More information about the Employment Lands Development Monitor is available from the Department of Planning and Environment website at <http://www.planning.nsw.gov.au/Research-and-Demography/Employment-Lands-Development-Monitor>.