Victorian premier, Denis Napthine, has opened Ballarat Technology Park – Central, after a $2.1 million redevelopment.
The redevelopment at Federation University’s Brewery Building, which is set to create about 200 new jobs, was completed with the help of a $500,000 grant from the regional growth fund.
Napthine said the centre would be used to attract technology-based enterprises, including start-ups, new and emerging entrepreneurs, and established small-to-medium enterprises expanding or relocating to the region.
“This redevelopment has seen the replacement of the old Brewery’s walls, ceilings, flooring and electrical and mechanical data systems to create 30 modern office spaces and four new conference rooms,” he said.
“This new facility will allow Federation Uni to offer a vibrant new CBD location that will complement its existing facilities at Mt Helen and further strengthen Ballarat’s reputation as an important regional IT hub.”
A $75,000 government grant will also enable the Fiona Elsey Cancer Research Institute to relocate to the new Brewery site.
“The Fiona Elsey Cancer Research Institute needed to move from its existing site at St John of God Hospital due to the hospital requiring the space for other operations,” he said.
“We are pleased to be able to provide this assistance to the institute in order to keep these important jobs and vital research here in Ballarat.”
The $2.1 million Ballarat CBD redevelopment was part of a broader $7 million project to expand the Ballarat Technology Park, including the new central campus and the existing Mt Helen facility.
The government has committed a total of $2.94 million to the $7 million project that will expand existing Ballarat Technology Park by seven hectares and also give it a separate CBD footing.
It will support more than 30 business tenants, including major organisations such as IBM Australia, the Emergency Services Telecommunications Authority and the State Revenue Office.
According to the government, those businesses employ more than 1400 people and generate about $300 million a year in economic output.