This week's announcement by the Victorian Government of the $100 million Community Infrastructure Loans Scheme, will provide councils with access to low interest rate loans of between $500,000 and $10 million. The loans will apply to community centres and hubs, cultural facilities, public libraries, kindergartens and early learning facilities, heritage building restorations for community use and public spaces like parks, reserves and trails.
The funding will be very competitive and so it will be important to demonstrate how your proposal will not only provide functional benefit to the community but will also deliver real, long-term community outcomes as well.
We call it Outcomes-Based Infrastructure and it is a process that sets up social infrastructure projects so they can make a measurable difference to people's lives, particularly where pockets of disadvantage exist. Brimbank City Council is leading the way with their 'Brimbank Hub' development, which will bring together a world-class leisure centre with a rigorous approach to addressing real social and health inequalities.
Let us know if you would like to talk about how your application for infrastructure funding could become an outcomes-based community infrastructure proposal.
Link to the Premier's announcement
Guidelines for a previous, similar, program