Up to $10M is available from Community Sports Infrastructure Loans Scheme to help organisations low interest loans to deliver sport and recreation infrastructure.
Community Sports Infrastructure Loans Scheme
The innovative $100 million Community Sports Infrastructure Loans Scheme was announced as part of the 2018-19 Victorian Budget as part of a broader approach to increase infrastructure investment.
The scheme is in addition to the Labor Government’s record investment in community sports infrastructure – $241.6 million in the Victorian Budget 2018/19 and over half a billion since 2014.
The objectives of the Community Sports Infrastructure Loans Scheme include:
- increase opportunities for councils, clubs, associations, educational institutions and facility managers to invest in the development of community sport and recreation infrastructure, in addition to existing funding opportunities
- incentivise organisations such as Local Government to bring forward community sport and recreation infrastructure delivery
- increase the capacity and access to sport and recreation opportunities in Victoria
- facilitate the upgrade and development of significant metropolitan and regional community sport and recreation infrastructure
- encourage a collaborative approach to infrastructure delivery including partnerships with commercial partners that improve an organisation’s financial sustainability
- support projects which provide the greatest community access and benefit
- support a range of organisations who can demonstrate the capability and capacity to deliver the Victorian Government’s objectives as outlined in the Active Victoria Strategic Framework.
Organisations may seek lending approval for loans between $500,000 to $10 million.
Projects that may be supported under the scheme include, but are not limited to:
- new or redeveloped indoor or outdoor aquatic leisure facilities
- new or redeveloped indoor sports stadiums
- pavilions including changeroom developments
- synthetic sports surfaces (including replacements)
- active recreation infrastructure including but not limited to trails, play spaces, skate parks and BMX tracks
- new or upgraded community sport precincts including sports fields and lighting.
Applications may be submitted for sport and recreation infrastructure projects from eligible applicants, including:
- local government authorities
- incorporated, not-for-profit organisations whose primary purpose is to facilitate community sport and recreation activities including:
- Sport and recreation clubs and associations
- Sport and recreation clubs who own their own land, are a tenant of a private facility or not a tenant of a local council
- Victorian state sporting associations or the national sporting organisation seeking to invest in a community infrastructure project
- not-for-profit and private facility managers with long-term community facility management arrangements
- private enterprises with long term community access arrangements or those who can demonstrate long term access to the public who wish to invest in infrastructure
- educational institutions such as universities or non-government schools (schools not in a position to borrow funds are encouraged to work with project partners).
Further information regarding application requirements will be made available when the Community Sports Infrastructure Loan Scheme Guidelines are launched.