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- Statistics & Research
Invest to Save 2015
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.
The bidding round for 2016-17 opened on 27 October 2015, and closes 22 January 2016.
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
- new models of service delivery
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.
The past 2 bidding rounds have seen the spread of good practice with organisations implementing new approaches which have been proven to work elsewhere.
Examples of improvement projects can be found on Good Practice Wales (external link).
Academi Wales (external link) leads a network of continuous improvement practitioners from across the public sector in Wales. The network is dedicated to sharing ideas and practical experience gained through delivering improvements in public services.
Energy efficiency schemes
Since last year we have invested approximately £3.9m in energy efficiency schemes and welcome bids which will contribute to reducing carbon dioxide levels and reducing costs.
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