Build and they will come. Too often in the past, Sydney has relied on the eastern suburbs and CBD corridor to provide employment to greater Sydney. It means people from places like Penrith are commuting hours every day to jobs that could be done around the corner. They’re spending their money elsewhere, spending their time elsewhere, and spending energy getting there. We think this is a terrible waste. And it’s why we believe so strongly in the Nepean Business Park as the key to unlocking Penrith’s success.
This business park is set to create up to 18,450 jobs and 4,000 permanent ongoing jobs with the estate on completion. The knock-on effect is monumental; an extra $1.95b pumped into the economy during construction, $500m gross value added to the local economy yearly, and nearly $300 million per annum placed straight into the hands of local Penrith workers. Talk about growth.
But cities are more than just economies. They’re more than just numbers on a page. Home is about the community, the people, and the beautiful lands that make up Penrith and its surrounds. Which is why Nepean Business Park is investing so heavily in community and the local environment. On top of the diverse range of businesses and services being established – we’re also creating pedestrian and cycle links with an extension to the Great River Walk, commissioning public art for the area, and are dedicating 5.5 acres of private land along the Nepean River to the community.
At the end of the day, it’s not just about improving livelihoods in Penrith, it’s about improving lives and living standards. It’s about a precinct that’s sustainable, and employment that works together with the environment. This is just the beginning of what Penrith can achieve.
The Nepean Business Park would help lift the local economy from day one. Here’s some numbers to back that up.
18,450
Total jobs created
$1.95b
Economic activity during construction
$500m pa.
Gross Value Added (Penrith economy)
$295 million pa.
Staff remuneration
(Penrith economy)
The business park will also bring jobs to the area, helping to give locals better lifestyles and livelihoods.
During Construction
1,530
Direct jobs
4,613
Indirect jobs
6,143
Total
Post Construction
3,987
Direct jobs
8,320
Indirect jobs
12,307
Total
Total Jobs
5,517
Direct Jobs
12,933
Indirect Jobs
18,450
Total
New initiatives are happening every day. Don’t miss out on all the news and updates for Grow Penrith and the Nepean Business Park.
Grow Penrith is made up of people just like you. We’re a coalition of individuals, community groups and local businesses who each believe in Penrith’s continued success. We are working every day to create change that helps local families, local businesses and the local environment.
The information provided by Great River NSW Pty Ltd on growpenrith.com.au is for general informational purposes only, is subject to change and should not be relied upon.
