Resilience Investment Vehicle Project Summary

This document is a project summary of the Resilience Investment Vehicle (RIV) formed by IAG and NAB to explore collaborative funding for community resilience projects. The summary outlines the background of the initiative, including the formation of a working group in 2019 that included various organizations such as CSIRO and the National Emergency Management Agency. The group aimed to create a roadmap and evaluation framework for resilience investments and developed three pilot projects. However, the pilots faced challenges in achieving a return on investment due to barriers such as unclear revenue pathways and the small scale of community projects. The document details findings from the pilots, emphasizing the need for community-led project identification and the importance of cross-sector collaboration. It also highlights the necessity for intermediary organizations to bridge gaps between finance, government, and communities. Recommendations for future work include a whole industry approach to household resilience and innovative investment frameworks to facilitate community-level projects.