The establishment of lucrative emerging industries is transforming Fishermans Bend and will help turbo-charge Melbourne’s future prosperity, supporting 80,000 residents and generating 80,000 jobs by 2050.
Industry leaders in aerospace, defence, marine design and automotive design will all be headquartered at the 32-hectare urban renewal hub, strategically positioned between Port Phillip Bay, the Yarra River and Melbourne’s CBD.
The University of Melbourne is also committing almost $1 billion to construct a world-class School of Engineering across seven hectares on the site by the early 2020s, where more than 1,000 engineering and IT students and academics will collaborate with industry leaders. University modelling indicates the school will inject $8 billion to the State’s economy and generate over 15,000 jobs by 2035.
For 80 years, Fishermans Bend was home to General Motors Holden (GMH) and while the spirit and ingenuity of Australian manufacturing will be kept alive at this historic site, the stage is now set to make this the country’s foremost centre for research, engineering and design excellence, where the best researchers will work alongside Victorian students, attracting research and development investment and jobs well into the future.