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Invest to Save 2017

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£10m is available for Invest to Save projects in 2017-18.

The Invest to Save (I2S) fund is a short-term pool of resources available to help public service organisations transform the way that they work.

The fund supports the introduction of new or proven ways of working so that public services become more efficient and effective.

Bids should be able to demonstrate:

  • that they can identify and create cash-releasing saving
  • deliver citizen-focused services
  • support key aspects of the Welsh Government’s public service efficiency and wider improvement agenda.
Investments made from the fund are fully repayable, interest-free, with flexibility on the payback period. This ensures that the fund is sustainable and available for new projects in the future.

Types of project

Projects supported in the past include the following categories:

  • asset management
  • business transformation
  • ICT
  • new models of service delivery
  • workforce
  • procurement.

Timetable for submitting application forms

Your application form must clearly set out the problem, the proposed solution, implementation and evaluation, and who will carry out the plan.

Read the guidance and scoring notes before completing the application form.

The last date for the submission of application forms is 1 September 2017.

Support

If you want to discuss a proposal or require further information contact the Invest-to-Save team who can help you test it against the fund's criteria. Tel: 0300 0259110 E-mail: I2Sinvestmentfund@wales.gsi.gov.uk

Innovate to save

Innovate to Save is a new initiative for 2017-18 in partnership with Nesta, Cardiff University (under the Y Lab arrangement) and the Wales Council for Voluntary Action.

For more information visit Nesta (external link).

Green Growth Fund

The Invest to Save Green Growth Fund supports projects which contribute to the Welsh Government’s Energy Efficiency Strategy.

The Welsh Government is collaborating with Salix Finance to support Green Growth projects. Paid for by the Welsh Government, this new fund is administered by Salix who will undertake the technical assessment of proposed projects.

Funding is available for 2016-17 and beyond. Tell us about future projects under development so that we can create a detailed funding plan for a projects' pipeline.

The timetable for applications is the same as that for general projects.

Full details of the Green Growth Fund, including Expressions of Interest and guidance notes (external link).

Document Download

Microsoft Word document
Application form (File size: 83KB)