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Invest to Save 2016

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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.

Types of project

The types of projects supported in the past fall into the following categories:

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

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.

Timetable for submitting Expressions of Interest

Rather than one annual bidding round, we will accept project proposals at any time. For 2016-17 the Invest to Save Fund will operate on the basis of 4 decision points when the new projects receiving support will be announced.

Latest date for submissions Decision point
5 July 2016 31 July 2016
5 October 2016 31 October 2016
5 December 2016 31 December 2016
1 March 2017 31 March 2017

Guidance

Read the guidance notes before completing the Expression of interest form. 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: 02920 825110 E-mail: I2Sinvestmentfund@wales.gsi.gov.uk

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).

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