The Black Springs Community Association has received a $12,647 grant through the Federal Government's Stronger Communities Program for the Throsby Memorial and Heritage Wall.
Federal Member for Calare Andrew Gee visited Black Springs to announce the funding and to see the work being carried out on the project ahead of the official unveiling in May.
"Black Springs has a rich pioneering history and next month the community will come together to mark the bicentenary of Charles Throsby's visit to the area," Mr Gee said.
"Charles Throsby paved the way for explorers and pioneers who later settled in the region, and this project is a fitting tribute to this significant milestone in Black Springs' past.
"Once complete, the wall will include a timeline of the history of Black Springs with seating, pathways and a garden. A bust and cairn of Charles Throsby will also be erected."
Mr Gee said it was vitally important that our local history is acknowledged and preserved for generations to come.
"I commend members of the Black Springs Community Association who have undertaken a lot of research to make this project a reality," Mr Gee added.
"This site will become a popular spot for not only for local residents and tourists, but also for descendants of those pioneers who settled in the area. I'm delighted that the federal government is supporting the important work of the association."
The Federal Government committed $22.5 million to Round Four of the Stronger Communities Programin the 2018-19 Budget.