dataset: OSE_INVESTMENT_OPPORTUNITIES

The 30 Year Investment Opportunities Framework will guide investment in the development of Melbourne’s metropolitan open space system. The Framework responds to the following issues identified in the Open Space for Everyone Strategy: • There is an existing inequity of access to open space provision across the metropolitan area. • The current measures used to define this inequity are quantitative only, and is based on out-of-date data. • There is currently no alternative cost effective and replicable, decision-making framework that considers qualitative and quantitative spatial data and information sources. • Consequently, there is also no evidence-based metropolitan wide guidance as to ‘where to invest and why’ that would help address current inequity and respond to emerging needs. • Melbourne doesn’t have an integrated, metropolitan-wide investment plan that identifies regional and landscape scale gaps in the network across municipal boundaries. The Framework The Framework is a planning and investment tool that will be used by State Government, Local Government and Land Managers to prioritise funding to open space projects that have the greatest impact on health and wellbeing, creating a healthier biodiversity, responding to climate change and delivering social and economic benefits. The Framework aligns to the Open Space for Everyone Strategy. Decision making criteria have been developed as qualitative and quantitative measures for the four Strategy goals: • Improved community health and wellbeing. • Healthier biodiversity. • Enhanced climate change resilience. • Maximised economic and social benefits.