The $200,000 review will determine the availability and quality of land for future development around the city over the next four decades.

Premier Denis Napthine launched the review alongside acting Glenelg Shire mayor Karen Stephens on Friday.

Dr Napthine said the review was necessary to prevent past problems over industrial land zoning which acted as a barrier for some businesses interested in setting up shop in the city.

“This plan is a visionary opportunity for the Portland area,” the South West Coast MP said. “One of the challenges in Portland in the past is the question of where do major businesses get good quality industrial land.

“We understand people don’t want industrial land located too close to their neighbourhoods but industrial land also has to have good connections. It’s about striking the right balance.”

Cr Stephens said the review would be developed with input from businesses, landholders and government to ensure there was broad consensus.

The Portland industrial land review was jointly funded with the state government investing $150,000 and council contributing $50,000.