Tens of millions of dollars in developments could be on the fast track to completion, thanks to a new initiative to stimulate investment and jobs on the Sunshine Coast.
The Build and Benefit initiative offers a 50 per cent “reduction” incentive on council infrastructure charges for targeted developments built to a deadline, which also extends to older approvals.
Some of the targeted categories include: industry and high-impact industry, education and recreational facility, essential services and short-term accommodation.
Sunshine Coast mayor, Mark Jamieson, said the council wants to get developments that are currently lying "idle" off the shelves and out of the ground.
“There are hundreds of developments approved by council worth many millions of dollars which are lying idle - these incentives will help to unlock a significant part of that potential,” he said.
“Developers are being given a great opportunity here – if they build it, they will benefit – and so will the region.”
This initiative, coupled with the development application fee reductions and the council’s existing Investment Incentive Scheme, will encourage investment on the Sunshine Coast and could lead to increased employment opportunities in the region.