diff --git a/localnet/build_and_run.sh b/localnet/build_and_run.sh
new file mode 100755
index 0000000000..20d1a36074
--- /dev/null
+++ b/localnet/build_and_run.sh
@@ -0,0 +1,5 @@
+#!/bin/bash
+# Does a cargo build and then recreates the localnet using the new binaries.
+# Usage: ./localnet/build_and_run.sh
+
+cargo build && ./localnet/recreate.sh -d && (cd bouncer && ./setup_for_test.sh)