Project Funding Overview
To date, Foundation Broken Hill has provided support through grants or interest-free loans to 100 separate initiatives – contributing almost $400,000 back into the community.
Fourteen grants were for less than $1,000, but made a big difference to the success of local events or provided opportunities for groups and individuals that may not have been possible without the Foundation. Generally, sponsored events have contributed to the local tourism industry and sponsored individuals have acquired training or skills which have the potential to generate wider long-term benefit in Broken Hill.
The largest contribution to date has been a $30,000 interest-free loan to assist the development of the Broken Hill Regional Events Centre and there have been other loans of similar amounts to facilitate the start-up of several new businesses. However, most contributions at this stage are around the $4,000 to $5,000 mark.
As the Capital Fund grows (and the annual income generated becomes larger) the Foundation will be able to make more significant contributions which, it is hoped, will play a greater role in stimulating new investment in the region to create new jobs.