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Policies and initiatives > Direction 4. A more prosperous city > Policy 4.4

Policy 4.4 – Create opportunities for innovation and the knowledge economy within existing and emerging industries, research and education

Achieving growth in jobs, and creating wealth and higher living standards, depend on knowledge creation and the innovation that results from it.

Melbourne 2030 supports the development of an innovation economy by encouraging the expansion and development of logistics and communications infrastructure. It will support the development of business clusters, and work to help approval processes for industry sectors and developments targeted under the Government’s Innovation Economy policy. It will also promote a physical environment that is conducive to innovation and to creative activities.

Successful innovation economies depend on society as a whole being more creative, from large companies and government departments to individuals. This includes having a robust arts and culture sector.

36. Selected economic clusters and precincts

Figure 36. Selected economic clusters and precincts - click for more detail

Improved access to training, undertaken to upgrade skills or for personal development and lifelong learning, will increase creative capacity. It will improve employment prospects and could lead to the development of new businesses.

Institutions such as the Centre for Adult Education and the public library system already do much to provide low-cost learning and access to information. However, more can be done to smooth the path from creativity to business or artistic application, such as helping provide premises where new small businesses, not-for-profit training and cultural organisations can become established.

Not-for-profit enterprises could play a bigger role in providing training for technical and artistic skills development.

Infrastructure that helps people to be innovative and creative, learn new skills and start new businesses will be encouraged in order to provide income, create jobs, improve wellbeing and support the innovation economy. Premises for these activities need to be low-cost and accessible, so they should be located in activity centres and near good public transport. Local councils will play a strong role as they are attuned to the needs of their communities and the availability of community facilities suitable for multiple use. In addition, innovative means will be sought to provide funding for this accommodation.

Access to tertiary education facilities will be improved by concentrating new facilities around existing campuses. New campuses in outer suburbs will be located close to Principal and Major Activity Centres or as part of Specialised Activity Centres.

Initiatives

4.4.1 Use planning measures and infrastructure to improve the performance of existing and emerging business clusters, and update relevant guidelines and the Victoria Planning Provisions
4.4.2 Amend where needed the business and industrial zones in planning schemes to provide for the essential needs of the production economy while not undermining the intent of activity centre policy in Melbourne 2030
4.4.3 Increase business/university links around Monash University and the Synchrotron site to take advantage of proposed improvements to public transport and the area’s development as a Specialised Activity Centre
4.4.4 Help local councils to provide well-located, appropriate and low-cost premises for not-for-profit or start-up enterprises
4.4.5 Increase levels of government support for not-for-profit organisations engaged in training programs when funds become available
4.4.6 Improve access to community-based information and training through further developing libraries as community learning centres