17 Feb 2017
A new £5m fund to help deliver better services and generate savings in the Welsh public sector has been launched today by Finance Secretary Mark Drakeford.
The Innovate to
Save fund is a unique partnership between the Welsh Government
and Y Lab - itself a partnership between Cardiff University and the
innovation charity Nesta - and will work closely with WCVA.
The new fund will provide repayable and non-repayable funding
and non-financial support to Welsh public services and the third
sector. Non-repayable funding will support organisations to
prototype, test and develop complex and innovative changes to the
way services are delivered.
All areas of the Welsh public and third sectors will be able to
apply for Innovate to Save funding. Organisations submitting
proposals will also be able to draw on the resources and experience
of Nesta and Cardiff University to expand the scope of
The new fund will operate alongside the successful Invest to
Save fund, which has been operating since 2009 and has supported
160 projects. In addition to the £5m Innovate to Save fund, £15m
will be available through Invest to Save in 2017-18.
Professor Drakeford said: 'At a time of reducing budgets, change
is a necessity not a choice. More scarce resources and growing
demand means all public services must think and work differently,
if we are to continue to provide the level of services people
'Our new £5m Innovate to Save fund has been developed in
partnership with Y Lab and we hope to see a range of projects
coming forward from across the Welsh public and third sectors. The
savings generated will not only be re-invested in services but will
improve outcomes for people and will be able to be rolled out more
For more information contact Social Investment Cymru
Telephone: 0800 2888 329