Facilitated by the Lockington District Planning Group, the Lockington Channel Committee and Lockington Consolidated School were able to purchase 11 megalitres of permanent water entitlement through the project.
The water entitlement will help maintain important community assets including Water Wheel Court, the school oval and other shared green spaces during dry conditions, while reducing the long-term costs associated with irrigation and upkeep.
The project received $36,000 in funding from Community Bank Elmore, Lockington and Rochester and the Lockington Business Centre to help bring the project together.
Community Bank Elmore, Lockington and Rochester Executive Officer Lauren Ross said well-maintained public spaces were vital to the appeal and liveability of regional towns.
“Green open spaces make a huge difference to how a town feels,” she said.
“Supporting projects like this helps keep Lockington looking vibrant and welcoming for everyone.”
Mrs Ross also acknowledged the collaborative effort behind the project.
“The Lockington District Planning Group does an enormous amount of work behind the scenes to help bring important community projects together, and this is another fantastic example of local organisations working collaboratively for the benefit of the whole town,” she said.
Community Bank Elmore, Lockington and Rochester returns up to 80 per cent of its profits to local communities through grants, sponsorships and community projects.
Mrs Ross said community support was vital to making projects like the water purchase possible.
"Projects like this are only possible because local people choose to bank locally," she said.
"When our community banks with us, it allows us to invest back into initiatives that make our towns better places to live."