Brisbane 2022 New World City Action Plan

Brisbane 2022 New World City Action PlanThe Lord Mayor’s Economic Development Steering Committee presented the Lord Mayor with the Brisbane 2022 New World City Action Plan on Tuesday 26 May.The report looks to build on the success of the G20 by identifying actions that will position Brisbane as a leading New World City.The report identifies seven key economic priorities:Brisbane Growth SectorsTalent and SkillsDiverse Districts and Productive PrecinctsStart-up EcosystemSmall and Medium EnterprisesBrisbane Region ApproachTeam BrisbaneThere are more than 100 recommendations under these priorities. A key recommendation for the property industry is the Brisbane region ‘earn back’ strategy modelled on the ‘UK City Deals’ scheme.The Property Council- in conjunction with the Government’s planning department and Council of Mayors- has undertaken preliminary work on the viability of the ‘UK City Deals’ model of infrastructure funding for South East Queensland. As part of our F2016 Queensland pre-budget submission we have outlined the opportunity for the Government to undertake a pilot project in South East Queensland.Below is a snapshot of some of the other recommendations that are pertinent to the property industry:Attract more regional Asia Pacific headquarters and centres of excellence, more leading education institutions and student accommodation, more tourism infrastructure, more vibrant precincts and strategic infrastructureMap Brisbane’s key districts and precincts by industry clusters and defining attributes, to identify and prioritise trends and opportunitiesCreate a Business Improvement Area (BIA) fund to incentivise asset owners, and provide a catalyst for new initiatives that accelerate the development of key strategic areasPursue ongoing alignment of Brisbane’s land use, infrastructure and economic development strategiesActivate Brisbane’s property and construction sector to identify the most strategic opportunities for world-class urban renewal precincts, to underpin the global capital attraction strategy. This may include government and private land holdings, in strategically identified precincts that support the creation of Brisbane’s productive precincts, such as Kurilpa.The Lord Mayor will now consider all the recommendations before announcing which key recommended actions will be adopted.From the 5th to 8th of July, Brisbane will host the 2015 Asia Pacific Cities Summit & Mayors’ Forum. This event is an initiative of the Brisbane City Council and was first held in 1996, with the venue alternating biennially between the City of Brisbane and cities awarded the event in the Asia Pacific Region. To find out more information or to register for the summit click here.