Future plans for the Kyneton Primary School site are a step closer.

The state government last week announced it was putting $65,000 towards developing a master plan for the Baynton Street site.

Macedon Ranges council will add $10,000 of council funds to explore options for the site.

Mayor Jennifer Anderson said the council was committed to investigating the site as a community space.

“This iconic site holds a place in the history of most residents and former residents of Kyneton,” Cr Anderson said.

“Given that it is centrally located and has plenty of space there’s great potential for it to become an important community hub for any number of activities.”

Works on the master plan are expected to start immediately and will include extensive community consultation.

Kyneton Primary School is scheduled to vacate the site at the end of the year.

There’s been plenty of conjecture about the future of the site since the primary school’s move to Edgecomb Street was announced in February.

Fourteen of 79 submissions received about the council’s budget this year were about the site’s future. Many community groups declared their interest in using the space and asked to be part of any future planning.

“U3A Kyneton and its members would welcome the opportunity to participate in a widespread consultative process,” wrote one submission.

Another U3A member told the council that its meeting venue was unsuitably on a busy road and difficult to access as an elderly, disabled member.

The primary school site is in the town centre, is within close proximity to facilities and has its own carparking.

To be involved or updated on the project visit mrsc.vic.gov.au/kps-updates