New Creative Group (NCG) thas announced one of Tasmania’s largest creative developments, at an estimate $90M AUD.

The Launceston Creative Precinct is an ambitious initiative that seeks to deliver an injection of culture and creative industry to the city centre. Designed with the intent of generating increased community engagement, tourism, employment and enhancing the standard of creative education in the region.

The project has received $10M grant funding from the federal government, under the Building Better Regions Fund (BBRF).

The BBRF grant will support the transformation of Launceston and the Northern region of Tasmania. The overall project will drive new industries for the region and involves development of the central city. The project will drive economic uplift, city vibrancy, educational attainment and support for existing and emerging industries.

The precinct has been designed to encompass world-class education in design and technology, a virtual and augmented reality enterprise, commercial offices, modern food and retail offering, the city bus interchange and student accommodation.

Construction is expected to commence in 2021, with staged openings throughout late 2022 through until quarter four of 2023.

“It is an exciting time for Launceston, as we work towards a creative vision that will drive an influx of fresh space and new thinking helping us build our local economy and foster internationally recognised education,” said Chris Billing, Managing Director of New Creative Group.

New Creative Group welcomes discussion with leading creative technology, arts, design and education businesses to enhance the future of the Launceston Creative Precinct.

With the success of the Launceston Creative Precinct comes agility in a changing world. Cultural and creative content drives the digital economy – an industry utilised now more than ever. Cultural and Creative Industries (CCI) contributed US$200b to global digital sales in 2013 – and that figure is only increasing exponentially.****

The cultivation of Launceston into a cultural and creative hub means Australia can increase its stake in the digital economy and become a powerhouse for sustainable modern growth in the digital sphere. By creating a cultural and creative hub within a re-energised Launceston, the hope is to cultivate a vibrant community with unrivalled potential and opportunity – a city for the future.

Source: New Creative Group