A new Kyneton park could be ready for play as soon as October next year.
An extra $400,000 was committed to the Kyneton Community Park project at the botanic gardens on Friday.
The funds make the park ready for development, adding to $500,000 in Federal Government money committed in 2013.
The KCP committee has been working on the project for seven years.
President, Amy Cockroft, welcomed the announcement of the state and local funds.
"We have been working on this since 2007 when the germ of the idea started and it's evolved into a beautiful concept for a beautiful location," she said.
"We are thrilled to hear that news this morning, it's fantastic recognition of the work that our committee has done."
The park will located at the lower grounds of the Kyneton Botanic Gardens.
Nature-based play is central to the design, supported by equipment that will cater for a wide range of ages and abilities.
Plans incorporate a water-play area and treehouse, swings and a large slide, and outdoor table tennis tables and pétanque pistes.
Member for Northern Victoria, Amanda Millar, announced $300,000 in State Government funding during a visit to the gardens last week.
"I think the design is truly exciting and will be something that the community is going to treasure for many years to come," Ms Millar said.
"The project will create a vibrant, healthy, accessible, nature based environment where people can picnic, gather, celebrate.
"Investing in the infrastructure to make this somewhere even more special than it is now is really important for the future of Kyneton - a very family-centred town, with a great future."
The joint announcement includes a further $100,000 from Macedon Ranges Council.
Mayor, Cr Roger Jukes, commended the park committee for pushing the idea.
He said it would attract more people to the area and rejuvenate the botanic gardens.
"I think we'll see a botanical gardens with a future that's really going to encompass the younger generations within the community," he said.
The project is estimated to cost $1.2 million, of which $900,000 is funded. The remaining $300,000 is expected to be covered through fundraising and sponsorship. To sign up for sponsorship, go to kynetoncommunitypark.org