Transforming a 20th century icon of traditional manufacturing in the shadows of Melbourne's CBD into a future‑focused hub of innovation, design and new.
VIC Premier
Victoria will be at the forefront of global innovation in advanced manufacturing, engineering and design, fired by a generational investment to kickstart a key CBD-edge transformation and driving the creation of thousands of new jobs.
The Andrews Labor Government will invest $179.4 million in the
Victorian Budget 2021/22 to support stage one of the Fishermans Bend Innovation Precinct development at the former General Motors Holden site – four kilometres from the city centre.
This first step will involve remediation of the 32-hectare GMH site – an area equal to 15 MCGs – and the installation of crucial infrastructure and services to make an investment-ready precinct. In three years, a new road will link Salmon Street and Todd Road, passing a new public park.