Local area match scrapped with little money around (9)
I believe the answer is:
catchment
'local area' is the definition.
(as in a catchment area)
'match scrapped with little money around' is the wordplay.
'scrapped' indicates anagramming the letters.
'with little money' becomes 'cent' (I am not sure about this - if you are sure you should give a lot more credence to this answer).
'around' is an insertion indicator.
'match' is an anagram of 'atchm'.
'atchm' going into 'cent' is 'CATCHMENT'.
Can you help me to learn more?
(Other definitions for catchment that I've seen before include "Area from which river derives its flow" , "Area from which school's pupils are drawn" , "collection of water" , "drainage basin" , "collecting water" .)