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He said it enabled governments "to resource and fund communities right across the nation – remote, regional, capital city, and it is an important, absolutely critical part of absolutely being able to set those agendas and that funding process".
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Community trust funds are another innovative way that could be used to fund community-benefit activities, or from which loans can be made to individual community members.
The government will help to train and fund community organisers.
The hedge fund community had mixed reactions to SAC's announcement.
All profits were used to fund community projects for Guilford County's citizens.
"There are still lots of requests to fund community events," she says.
The complaints represent a significant expansion of a case that has gripped the hedge fund community.
The clubs say they rely on pokies revenue to fund community activities, and they warn that jobs will be lost.
Any surplus will be sold back to the grid, and the additional revenue will be used to fund community projects.
Big investors don't fund community energy schemes because they are too small-scale but back in Balcombe, Tom Parker has put his savings in other community schemes.
If you were looking for people who made the right calls on Enron or the subprime boom, the hedge fund community was the place to start.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com