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Invest to Save 2014

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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. The 2014 I2S Round began on 30 September 2014.

In 2015-16 over £20m is available for investment in new projects. The fund will target strategic projects that:

  • create significant cash-releasing saving
  • deliver citizen-focused services
  • support key aspects of the Welsh Government’s public service efficiency and wider improvement agenda. The 2014 bidding round has a particular emphasis on collaboration and innovation and bids which demonstrate these features.

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.

Energy efficiency schemes

We are making an additional £3m available over a 2 year period (£1.5m per year) to support carbon reduction schemes with the aim of meeting statutory carbon targets.

Details of carbon reduction schemes supported by I2S are contained in the 2014 Annual Report.

Types of project

94 projects have received investment from the fund with a total value of over £96m. Projects include:

  • Asset Management
  • Business Transformation
  • ICT
  • New Models of Service Delivery
  • Workforce
  • Procurement

The 2014 Annual report contains a full directory of the projects su pported by the Fund.

Good Practice

We are aiming to spread the lessons learned from the schemes implemented and encourage good practice. We collaborate with the Wales Audit Office (external link) to help spread good practice.

Further examples of improvement projects can be found on Good Practice Wales (external link).

Workshops

The I2S team are available for workshops which will cover:

  • The types of scheme implemented and the possibilities for improving service delivery whilst reducing costs.
  • The stories behind different projects to illustrate what works well an d some of the pitfalls.
  • The bidding process with do’s and don’ts

For further details contact: I2Sinvestmentfund@wales.gsi.gov.uk

How to apply

The bidding for Round 9 commences on the 07 October 2014.

If you want to discuss a proposal or require further information feel free to discuss it first with 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

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