Business Connect - June 2019

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GIPPSLAND MOTORSPORT AND EVENT CENTRE FEASIBILITY STUDY I S S UE 1 JUNE 2 019

BUSINESS CONNECT IS PROUDLY PRINTED IN

be o r t a L C ity SUPPOR TING LOCAL BUSINESSES

BUSINESS CONNECT

FIRST LATROBE MOTOR SPORTS BACKGROUND STARTUP AND PURPOSE VALLEY’S & EVENTS COMPLEX The GIPPSLAND development of a motorsport and eventPUSH complex inFOR Latrobe City has been considered for many years. Initially the opportunity was identified through several motoring organisations in Latrobe City contacting Council PROGRAM DEFENCE PROPOSAL seeking facility improvements. Given that several organisations are considering investment in improved facilities, a feasibility study on how best to plan and consolidate future facilities was deemed appropriate. UNDERWAY SPENDING FOR LATROBE Further to this, Council identified that timing Latrobe could be in has therecently market following aFollowing range ofthorough motor racing Twelve successful Latrobe City Citygood Council market circuits based businesses have withencroachment. the Australian assessment and an that initialthere feasibility in Victoria scheduled forrecently closure soon due topartnered residential Anecdotal advice indicates is commenced the first Startup Defence Alliance (Vic) to assist study, Latrobe City Council sufficient demand to warrant the development of a new complex. Latrobe City Council is exploring the viability of Gippsland program, packed with a local businesses to develop continues to progress the prospect developing a new motorsport complex in Latrobe City to service Gippsland and wider Victorian community. range of meetups, masterclasses profiles that can be used to target of establishing a world class Motor and mentoring aimed at supporting

defence industry manufacturers

Sports and Events Complex for

the startup ecosystem. and service providers. Gippsland. Latrobe City Council believes that a motorsport and event centre could diversify Latrobe City’s and broader Gippsland’s economy, tourism dollars and increasing as an events destination. Continued on Pageattracting 3 Continued on Page the 4 profile of the region Continued on Page 7 A recent study of the Winton Motorsport Complex in Benalla Shire found that the Motorsport Complex contributed $30 million to the visitor economy and Latrobe City Council believes there could be similar benefits for our region.

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A R E YOUR DE TA IL S C OR R E C T ?

Latrobe City Council partnered with the Latrobe Valley Authority to conduct the study toTodetermine the email the Economic update your details, Development unit Latrobe City Council requirements and opportunities that may exist for the development of a motorsport and event centre inatLatrobe busdev@latrobe.vic.gov.au GIPPSLAND WORK JAPANESE City. The purpose of theFORESTRY Study was to identify LIVE the issues and opportunities associated with motoring and motor HUB LATROBE INVESTMENT FORUM sports including events in Latrobe City, and provide a clear strategic direction for future development opportunities.

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Business Connect - June 2019 by LatrobeCity - Issuu