BRIGHTON Council is establishing a specialist body to advise on investment and business development in the municipality.
Mayor Tony Foster said the Brighton Industry and Housing Corporation’s role would be to maximise the economic and social benefits from Council owned land and generally support growth and development in the region.The Council agreed to establish the Corporation following a detailed presentation on development opportunities in the Brighton municipal area. It is based on a similar model to that employed by the Melbourne City Council to develop the Docklands precinct in that city.
Cr Foster said the Corporation’s role would be wide-ranging, from making recommendations on the use of land for commercial and residential development to assisting Council in its applications for Commonwealth and State funding.
“With Council-owned land, we will be seeking to secure a financial return that will assist us to add to the social and cultural amenity of the municipality.
“In developing land for industrial and commercial purposes, we will be looking to generate additional employment opportunities for local residents as well ensure a commercial return for ratepayers.”
Cr Foster said Council would be consulting with the business community and interest groups about the Corporation and its role in securing new investment and jobs.
“We are now working on the details of the Corporation’s governance, as well as looking at specific projects and development opportunities.
“With the Intermodal Transport Hub progressing, the Brighton Industrial Estate and other developments, Brighton is in a period of sustained growth and we want to ensure that we maximise the benefits for the Council and our community.
“The Brighton Industry and Housing Corporation will provide the specialist advice and support, as well as the platform to encourage strong economic and social development in Brighton,” Cr Foster said.