Sustainable Finance Mechanism – Repayable Grants

Date/Deadline: 31 Oct, 2022

Sustainability Victoria is supporting community groups through the Sustainable Finance Mechanism – Repayable Grants, established under the Social Impact Investment for Sustainability Fund. The fund aims to provide zero-interest loans for implementation-ready, community clean energy projects. The repayable grants are to be repaid within a 5-year period from cost-savings or income generated from the project.

Applications can be submitted from 1 September 2022 until 31 October 2022. The $1 million has been allocated for these grants as part of the $5.93 million Community Power Hubs Program, which is within the Victorian Government’s $1.6 billion renewable energy package in the 2020-2021 Budget.

The fund aims to achieve the following outcomes:

• Support community groups seeking zero-interest finance for the delivery of community clean energy projects.
• Provide a sustainable financing mechanism in which funds will be returned over time and can be recommitted to other community clean energy projects.

Funding available

Grants of at least $30,000 are available for community groups to deliver community clean energy projects. The grant is to be repaid to Sustainability Victoria within 5 years.

Eligibility

To be eligible to receive funding, grant applicants must be a:

• Registered Charity or Not-for-Profit
• Community Group or organisation
• distributing or non-distributing co-operative
• Social Enterprise.

They encourage applications from Aboriginal and Torres Strait Islander organisations and also co-operatives registered in Victoria.

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