What is a RIS
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A RIS is a “Regional Investment Strategy”. It’s a term that describes the document and the process we use to guide investments in Natural Resource Management (NRM) in the Territory.
These investments are from a variety of sources and include nearly $7m per year of Australian Government Natural Heritage Trust (NHT) and National Action Plan for Salinity & Water Quality (NAP). Many people are familiar with the NHT and NAP programs through initiatives like Landcare, Bushcare, Rivercare and Coastcare. RIS funds are invested to support:
- Biodiversity conservation
- Sustainable use of Natural Resources
- Social and institutional change (to support 1 & 2)
The Natural Resource Management Board (NT) Inc (NRMB) is a non-profit incorporated association that has been set up jointly by the Australian and Northern Territory governments to provide strategic coordination of NRM in the Territory and oversee the investment of NHT and NAP funds.
The NHT and NAP grants are major NRM-related investments in the Territory, but they are certainly not the only investments. Other important grants programs include NB: all figures approximate: EnviroFund ($0.5M/yr); NLP Community Support ($1.3M/yr); Community Water Grants ($0.75M/yr); and EnvironmeNT ($0.5M/yr).
The NRMB seeks to complement the objectives of these programs while remaining focussed on landscape-scale changes as described through the NT Integrated Natural Resource Management Plan (INRM Plan).
The INRM Plan is a general outline of what we agree needs to be done…what actually gets funded at any given point is described through the RIS.
Annually, the RIS maps out priority issues and specifies strategic investments. All the money in the RIS is directed towards actions and targets in the Plan. In future, the RIS will continue to evolve as a “regional prospectus” whose main aim is to attract resources from a wide range of NRM participants.
The Regional Investment Strategy 07-10 is the first investment plan to be produced from the ground up by the Natural Resource Management Board (NT) Inc (NRMB). This Strategy is based on the Integrated Natural Resource Management Plan (2005) and builds on the Regional Investment Strategy for 2004-2007.
