Brisbane 2022 New World City Plan
Brisbane 2022 New World City Plan
BRISBANE2022
NEW WORLD CITY ACTION PLAN
1.5m Jobs
(by 2031)
BRISBANE Sustainable
$217b Economy
(by 2031)
Competitive
Clean
Centres of Excellence
World-class Infrastructure
Green
Inclusive
01 Lord Mayor’s Economic Development Steering Committee 2015 Top 10 lifestyle city
INTRODUCTION
The Brisbane 2022 New World City Action Plan aims to define the
priorities that will drive the city’s economic growth for the next seven
years and beyond.
The plan was compiled by the Lord Mayor’s Economic Development
Steering Committee (LMEDSC) which consulted with 1000 people who
represented more than 500 different local, national and international
organisations.
Based on the outcome of extensive research and consultation, the
economic blueprint contained within presents the opportunity for
Brisbane to become the leader of the New World City formula for
urban success.
FINDINGS
Brisbane’s current economic profile relies heavily on locally generated
revenues. In a globalising economy, the city needs to better align its
outputs with the needs of a global marketplace.
The report has determined the city’s current mix of industry
specialisations, education platforms and its deep skills and talent base
has it well positioned to increase its level of ‘export’ income. To be
most effective however, the way these assets are currently integrated
can be improved.
The Brisbane 2022 Plan is multi-faceted and will require city-wide and
region-wide collaboration to deliver.
RECOMMENDATIONS
This report recommends the city recalibrate its approach to economic
development to significantly increase its share of globally generated
revenues and shape a New World City economic profile. This process
can be accelerated by focusing on seven economic priorities and
specific actions – the key recommendations have been highlighted.
The economic priorities have been devised to drive job creation, city-
shaping, quality of life, research and education expansion and continue
the momentum toward achieving the existing targets set for 2031.
Connected
Team Brisbane
Friendly
Accessible
Brisbane Region Approach (SEQ) Brisbane 2022 New World City Action Plan 02
Brisbane’s highly successful hosting of the G20 Leaders’ Summit
was a defining moment for our city. We took centre stage and
showed the world what we were capable of.
I was determined that Brisbane would never look back from this
moment; that we would continue the momentum and strive toward
becoming a model for other emerging New World Cities.
Within days of the Summit ending, I tasked the city’s Economic Development Board
to form a Steering Committee empowered to think boldly, to bring fresh ideas and help
chart a course toward bringing our shared vision of Brisbane as a globally significant,
regionally-connected and vibrant metropolis to life.
To all those who contributed to this visionary report, I sincerely thank you on behalf
of our great city and its people. Like you, I look forward to seeing this exciting vision
become a reality and create jobs and opportunities for current and future generations.
Graham Quirk
Lord Mayor
Lord Mayor,
We thank you Lord Mayor for the opportunity to deliver this report.
Ian Klug
Chair – Lord Mayor’s Economic Development Steering Committee
– Brisbane Marketing
This is good news for the people of Brisbane and their families. It is no longer
the case that people need to leave in order to pursue their careers, to get on,
or to go global.
This economic agenda should also be seen as an invitation and prospectus to those
who have not yet invested in Brisbane, or chosen to visit, to study, or to trade.
Greg Clark
Global Urbanist
CONTENTS
Introduction 02
The Vision for Brisbane 2022 05
Seven Key Economic Priorities 07
Key Recommended Actions 08
What it Means for Residents 13
The Plan’s Ambitions for Brisbane 2022 14
The Consultation Process 16
Brisbane’s Economic Snapshot 17
Lord Mayor’s Economic Development Steering Committee 19
What we heard from Industry 20
Acknowledgements 21
$217b ECONOMY
•
•
•
•
Are affordable
Are agile
Offer quality education options
Have expert specialisations within a
managed metropolis
1.5m
• Offer an optimal work-life balance
• Have efficient infrastructure
• Have problem-solving capabilities
• Have low congestion, inflation and pollution
JOBS
• Are safe and secure
$75k
Brisbane now sits alongside a select group of 24 cities that
includes Barcelona, Miami, Calgary, Singapore, Tel Aviv,
San Diego and Cape Town for example that all possess
these ‘New World City attributes’.
PER CAPITA INCOME
1
7 BRISBANE’S
GROWTH
SECTORS
2
TEAM BRISBANE TALENT AND SKILLS
Knowledge-based and
Corporate Services
Accommodation and Visitor Economy
Higher and International Education
Energy and Resources
Creative and Digital
DIVERSE DISTRICTS
BRISBANE REGION Property Development and Construction
AND PRODUCTIVE
APPROACH Advanced Manufacturing PRECINCTS
Food and Agribusiness (BUSINESS IMPROVEMENT AREAS)
5
07 Lord Mayor’s Economic Development Steering Committee 2015
4
KEY RECOMMENDED ACTIONS
1
Recommended Actions
1. Provide support for conferences per year,
Brisbane businesses that 50,000 delegate days
trade globally to help per month, consistently
BRISBANE’S GROWTH them compete and grow earning a top 50
SECTORS (Brisbane’s eight growth International Congress and
sectors) Convention Association
The report recommends ranking city in the world
2. Attract more regional
focusing on eight specific
Asia Pacific headquarters 7. Brisbane Marketing will
industry sectors that will
and centres of excellence; seek to develop at least
have the biggest impact
more leading education four significant city-wide
transitioning Brisbane’s
institutions and student sponsorship partnerships
current economic profile to
accommodation; more with major corporations
be more global-facing.
tourism infrastructure, in Asia to assist with
Those industries are: more vibrant precincts and the city’s economic
• Knowledge-based and strategic infrastructure; development aspirations
Corporate Services more Brisbane-based
8. Build upon Brisbane’s
businesses in our eight key
• Accommodation and post-G20 profile with a
growth sectors
Visitor Economy bold 2022 New World City
3. Activate and promote international campaign
• Higher and International Brisbane’s Knowledge-
Education 9. Secure more direct
Based and Corporate
international airline
• Energy and Resources Services capabilities
services and attract more
to global markets with
• Creative and Digital visitors via our current
emphasis on the Asia
connections
• Property Development and Pacific region. Includes
Construction business delegation 10. Pursue cruise ship terminal
missions to key markets opportunities to attract
• Advanced Manufacturing more cruise ships and
4. Explore a new tourism
• Food and Agribusiness passengers and leverage
funding model so we
Brisbane’s attractions via
These sectors have been can increase visitation
the river and Moreton Bay
identified as the city’s future for the tourism and
key economic drivers based accommodation sector 11. Establish Brisbane as
on the fact they have the through an Events and a leading Asia Pacific
potential to be globally traded Conventions Bid Fund Cultural Hub by escalating
or part of global supply the prominence of the
5. Attract and grow major
chains; are major employers Asia Pacific Screen
events; our goal is at least
in Brisbane; align to those Awards, Brisbane Asia
one significant drawcard
identified by the Federal Pacific Film Festival and
event per month
Government as Australia’s other cultural events
growth sectors. 6. Win more conventions
and business events by
hosting 40 international
Refer to [Link]/2022plan for all recommendations. Brisbane 2022 New World City Action Plan 10
4
START-UP
5
SMALL AND
6
BRISBANE REGION
ECOSYSTEM MEDIUM APPROACH
Technology-based jobs have ENTERPRISES This report considers the
a larger multiplier effect than Brisbane’s SMEs will play Brisbane economy as a much
jobs in any other sector and an important role in the larger SEQ footprint. Growth,
are central to New World City evolution of our New World tourism, export, investment
economies. It’s been found City economy. As such, and infrastructure strategies
that for each new position enhanced education, support, therefore must take a regional
filled in the sector, five networking and collaboration perspective.
additional jobs are created in have been prioritised.
other sectors.
Recommended Actions
Recommended Actions 1. Form a Brisbane Region
Recommended Actions
1. Develop Brisbane Economic Development
1. Lead Brisbane Steering Committee to
Marketplace, an online
Entrepreneurship 101 oversee Brisbane 2022
collaboration platform
training program to Plan implementation
for start-ups and SMEs,
inspire our city’s future
which will enable local 2. Engage Council of Mayors
entrepreneurs
businesses to connect with (SEQ) to investigate the
2. Co-create Brisbane start- the community to access feasibility of appointing a
up hub through a joint the resources they need to Chief Economist
venture special purpose innovate and grow
vehicle 3. Activate Brisbane region
2. Work with CCIQ, State ‘earn back’ funding model
3. Lead Asia Pacific
Government and small based on economic
entrepreneur attraction
business networking growth
and exchange program
& advocacy groups to
4. Double Brisbane’s Visiting 4. Activate and leverage
coordinate education,
Entrepreneurs program Brisbane region industry
networking and
5. Create an Asia Pacific support of Commonwealth
development opportunities
region start-up and Games. Continue to
3. Create a digital explore feasibility of 2028
creative event in Brisbane
connectivity map Olympic Games bid
for Brisbane, highlighting
5. Work with Council of
for business the
Mayors (SEQ) on regional
alignment of high-speed
collaboration for future
broadband provision
infrastructure, public
4. Change Council transport, freight and
procurement processes logistics requirements
to be more accessible for for SEQ
SMEs and start-ups
6. Pursue ongoing alignment
of Brisbane’s land use,
infrastructure and
economic development
strategies
11 Lord Mayor’s Economic Development Steering Committee 2015
7
TEAM BRISBANE WHAT WE HEARD FROM
One of the strongest recurring
themes from the focus groups
FOCUS GROUPS
“
was the need to develop a
more effective approach to
he precinct concept
T
system coordination that brings greater efficiency by
achieves a better connected
economic development
clustering knowledge.
”
“
ecosystem.
Think about Greater Brisbane
Recommended Actions as an entity including north
1. Continue to grow Team and south coasts, Ipswich,
Brisbane culture across the and Toowoomba. From
wider Brisbane region
that approach there is an
2. Develop new economic
obvious need for much better
”
development funding
models and partnerships connectivity.
“
that deliver ‘Team Brisbane’
co-investment based on Networks – tapping into the
shared responsibility, global market, international
shared costs and shared
benefits
expat community and other
entrepreneurs for solutions
3. Lead development of a
Team Brisbane Global and opportunities. Being
Network program strong locally, but building
to encourage global
participation in Brisbane
international networks.
”
“
2022 New World City
Action Plan
Build on our people/
knowledge capital as
4. Lead a New World
Cities Alliance to Brisbane’s point of difference
strengthen Brisbane’s – with appropriate governance.
global positioning as a
Create entrepreneurial zones,
”
model New World City and
inform context, content and but not in isolation.
“
partnerships for the Asia
Pacific Cities Summit e need design at our heart,
W
in everything we do.
”
Refer to [Link]/2022plan for all recommendations. Brisbane 2022 New World City Action Plan 12
WHAT IT MEANS FOR RESIDENTS
Importantly, one of the key characteristics that categorise New
World Cities is the lifestyle quality their urban environments afford.
Brisbane, like other cities that currently fit the profile, has an
enviable quality of life for residents, an easy commute, generous
green spaces, a rich cultural offering, world-class career and
business opportunities, sustainability as a priority, easy access to
leisure activities and a healthy environment.
Developing further as a New World City is anything but a grow-
at-all-costs exercise, rather, a strategic, ‘smart growth’ formula
that affords and maintains desired liveability for residents and
enhances existing city benefits and assets.
This formula nurtures a strong and diverse economy primarily
driven by revenues generated from global markets that purchase
skills and products in which New World Cities specialise.
Brisbane residents and visitors who enjoy our burgeoning arts
and culture scene, the world-class food and entertainment we
have and our open, friendly way of life will see those qualities
amplified as our New World City continues to evolve.
It is significant that what separates New World Cities from
their larger ‘old world’ counterparts is a realisation that lack of
space and affordability, high pollution and city congestion have
emerged as significant problems for future growth, quality of life
for residents and the ability to attract talented people.
These lessons learned play a pivotal role in the smart growth
formula for New World Cities.
Refer to [Link]/2022plan for details of focus group commentary Brisbane 2022 New World City Action Plan 16
BRISBANE’S ECONOMIC SNAPSHOT
■■ Fuelled by strong population and employment growth,
Brisbane’s economy increased in real terms by over 60%
from $81.6b in 2000-01 to $130b in 2010-2011; contributing
almost half (48%) of Queensland’s economic output.
(Source: Queensland Government Statistician’s Office,
Experimental Estimates of Gross Regional Product, 2000-01,
2006-07 and 2010-11)
Growth 2011-14
Energy and Resources
Education
Accommodation/Visitors
Advanced Manufacturing
Phoenix Tours Beijing Screen Queensland Pty Ltd Valley Chamber of Commerce
Pine Lodge Incorporated
Senex Energy Limited
Place Design Group Pty Ltd Shanghai Waigaoqiao Free Trade Zone Vanke Group
[Link] Shamrock Civil Engineering Vidotto Group
Populous Shenzhen Foundation for International Vincents (Accountants)
Port of Brisbane Exchange and Cooperation Virgin Australia
Portfolio Projects SIBA
Volunteering Queensland
POTU Australia Silk Logistics Group
WG Architects
Prettygreat Singapore Airlines
Wiley & Co Pty Ltd
Primetime Sofitel Brisbane Central
WorkPac Group
Property Council of Australia South Bank Corporation
Workplace Edge
PSA Consulting Spike Innovations
Pullman Brisbane King George Square St Joseph’s Nudgee College WorleyParsons