From here on, works will be developed in full, put on the stage to find out their strengths and weaknesses, workshopped and then hopefully sold onto bigger producers.

This is a bold move by a group of people keen to make their mark in the region but also the country.

Capital theatre manager David Lloyd said putting on shows that played in Melbourne six months earlier would not cut it - the productions have to be new to be attractive. 

A new performance hub committed to creating and launching works is an exciting prospect.

It is also presents a major opportunity for performers.

The theatre pie in Australia is small with many performers fighting for their share. 

Each performer is looking for that elusive lucky break.

Struggling actors living off the smell of an oily rag will welcome this "off-broadway" model with open arms. 

Let's watch this space.