Federal cash splash: Shire of Murray secures $21.75 million for Peel Business Park

The Shire of Murray has locked in $21.75 million from the federal government for the highly anticipated Peel Business Park, fending off 300 applicants nation-wide in the latest round of the Regional Growth Fund.

The whopping cash injection will go towards common-use infrastructure including research facilities, cold storage, warehousing, packaging and distribution and incubator space.

Shire president David Bolt welcomed the funding announcement with "pride, appreciation and anticipation".

"To have been selected as one of the successful recipients in a very competitive round of 300 applicants is a feat in itself," Mr Bolt told the Mail.

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"[It] took concerted effort by a dedicated team of shire and Peel Development Commission representatives over a sustained period." 

Across the next six months, Mr Bolt said the Shire of Murray would finalise planning for the common-use facilities, to prepare for the start of construction in early 2020.

"This project will also be an important catalyst for the anticipated long-term outcome of 33,000 jobs for the wider Transform Peel initiative," Mr Bolt said. 

Canning MP Andrew Hastie said the funding came after several years of combined lobbying with the local government.

"Together we lobbied the government to explain to potential of this project to our region. Late last year the Peel Business Park was shortlisted for funding and an invitation was extended to submit a full business case. This announcement locks that investment in," Mr Hastie said. 

"This investment is big news for our region. It will help create hundreds of new job opportunities.

"I commend the Shire of Murray for their commitment to the future of the Peel region."

Deputy Prime Minister Michael McCormack said the $272.2 million fund was specifically designed for projects that had "real potential" to generate jobs and economic growth in regional communities nation-wide.

"Successful applications for grants under the fund focus on building on existing strengths, re-invigorating industries and tapping into a region's tourism potential," Mr McCormack said.