Finance

4. Finance

There are several funding options. The most suitable funding option will depend on the size of the club and project, and the type of project. Funding options include:

• Members accumulated resources
• Pre-payments by members
• Grant funding
• Loans/external debt
• Gifts, donations and sponsorships

Some facilities (eg. marina berths) are suitable for use of accumulated resources or pre-payment by members. Consideration needs to be given to the length and terms of the lease/license, ongoing repair and maintenance costs.

Grant funding is available for some projects, particularly where there is a public/community benefit. Many clubs provide a public/community benefit but do not seek to publicise their contributions. Grant funding may be available through:

• Department of Sport and Recreation 
• Department o Economic Development, Jobs, Transport and Resources
• Department of Environment, Land, Water and Planning

Other grants may be available through:

• Local Government
• Regional Development Victoria
• Local community support grants

Estimated Timeframe: 3 months

 Checklist

• Grants

• External Funds
• Member Funds