MINISTER FOR STATE DEVELOPMENT, INFRASTRUCTURE, LOCAL GOVERNMENT AND PLANNING
Attracting and developing knowledge-based industries is critical to achieving the sustained economic growth and high-value knowledge sector jobs that will generate prosperity for generations of Queenslanders to come.
As a legacy of the 2018 Commonwealth Games, the Gold Coast Health and Knowledge Precinct is living proof of the economic outcomes that can be delivered when the State works in collaboration with its partners and the private sector.
In addition to the Queensland Government’s original $5 billion investment that created the key pillars of the Precinct, a further $5 million has been invested in the COHORT Innovation Space that has already created a home for over 250 occupants across more than 85 companies – results that saw this unique space awarded the 2021 Award for Government Leadership by the Property Council of Australia.
The State’s 16 development-ready sites are projected to contribute an extra 12,000 jobs and an additional $1.4 billion to the state’s economy over the next 10 to 15 years. Since the land, known as Lumina, became available, interest from occupants, developers and investors continues to grow with half of the development sites already earmarked for health, knowledge and technology occupants.
Projects facilitated in the Precinct by Economic Development Queensland (EDQ) include Griffith University’s Advanced Design Prototyping Technologies Institute (ADaPT); Proxima, Australia’s first integrated children’s health, research and education centre; and an integrated residential aged care and key worker training facility. These three projects will create more than 500 construction jobs, over $200 million in private sector investment and bring more than 2,000 additional workers into the precinct.
The continued development of Gold Coast Health and Knowledge Precinct will be game-changing in the growth and diversification of the local economy. The impacts of this Precinct will be far-reaching into the lives of Queenslanders and beyond.