A $17.5m funding boost will see three new industrial estates developed on the Sunshine Coast as part of this week's State Budget.
Minister for State Development and Innovation Tony McGrady says the industrial estates will be developed at Caloundra, Coolum and Yandina.
"The Sunshine Coast remains one of the state's strongest growth areas with thousands of new people and businesses choosing it as their location of choice every year," he says.
"At the same time Queensland, and in particular the Sunshine Coast, has seen record high levels of demand for industrial land over recent times.
"The government remains committed to ensuring that land is available for future development.
"That is why we have made the important step to secure three industry corridors on the Sunshine Coast."
McGrady says the multi-million-dollar industry injection will comprise:
- $10m for stage I of the Caloundra Regional Business and Industry Park
- $5m for the Coolum Industrial Estate
- $2.5m for the Yandina Industrial Estate.
McGrady says development approvals for all industrial estates are expected to be obtained soon, and that sites on these developments will become available for sale in 2005/06.
Acceleration of economic growth is key to 2005/06 State Development and Innovation activities – and delivery of industrial land on the Sunshine Coast is an example of this commitment, he says.