"In general terms, this learning brief moves forward from the question of “where is the money?” to the question of “what does it take to unlock it?” In other words, how do we work alongside local government, private, philanthropic, and community sectors to meet the funding needs of journalism, and through what processes? It responds to rising demand, in the field of media development, for a better understanding of how Official Development Assistance (ODA) can be complemented and strengthened by local capital. Specifically, this brief addresses the following questions: Which critical components are needed to start the process of ensuring that the supply of capital to public interest media is more locally robust and diverse? What is needed to coalesce locally led resources in support of public interest media? How can local capital complement and strengthen ODA? Against the current backdrop of acute vulnerabilities in north-to-south media development funding, we need to move beyond anecdotal evidence to understand the locally led processes, sequences, frameworks, and practical learnings required to diversify capital supply to media." (Introduction, page 6)