Invest-to-save Fund

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

Jane Hutt AM, Minister for Finance has announced a minimum of £45million for investment in new projects over the next three financial years.  The Fund will target strategic projects, in particular those that: 

• lead to the release of significant cash-releasing savings; 
• deliver citizen-focused services; and,
• support key aspects of the Welsh Government’s public service efficiency and wider improvement agenda.

Investments made from the Fund are fully repayable but there are no interest charges and there is flexibility on the payback period. This approach ensures that the Fund is sustainable and available for investment in new projects in the future.

To date, over 59 projects have received investment from the Fund with a joint value of some £65 million.  Information about all projects supported by the Invest-to-Save Fund, including contact details for projects, can be found by downloading the document below.

How & when to apply?

The Invest-to-Save scheme is managed on a funding round basis.  Bids are invited during specific times of the year.  The Minister for Finance has announced that the next round of funding will open on the 5th November 2013. 

Those considering putting forward an Invest-to-Save proposal are strongly encouraged to develop a bid at any time of the year and to discuss it with the Invest-to-Save Unit.  This approach ensures that projects are in a state of readiness and well placed when fresh bids are sought. If you have a proposal that you would like to develop into a bid, you might first like to discuss it with the Invest-to-Save team to initially test it against the Fund's criteria.  Following this the team will give provisional advice on the merits of submitting an expression of interest form. 

If you wish to discuss a proposal or require any further information please contact the Invest-to-Save team on;
Tel: 02920 825110   E-mail: I2Sinvestmentfund@wales.gsi.gov.uk

Guidance about the fund, including frequently asked questions and advice on how to apply, can be downloaded using the form below.