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Title - Invest to Save Budget Image
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Title - Main Topics

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Title - Invest to Save Budget

 

Encourage innovation and partnership throughout the public sector, in order to improve the quality and cost effectiveness of public services.

The Invest to Save Budget (ISB) is a joint Treasury/Cabinet Office initiative with an aim to create sustainable improvements in the capacity to deliver public services in a more joined up manner. A key principle of the ISB programme is that investment is provided in return for reform.

Point of Interest Read more...

Point of Interest ISB REVIEW: The Review has attempted to evaluate the difference the ISB has made in the following areas:

  • What lessons have been learned from encouraging innovation, risk and joint working within the public sector;
  • Whether these lessons have enabled the identification of effective models of service delivery;
  • How far these delivery models have been disseminated and more widely adopted;
  • Whether the long-term efficiencies in public service delivery and the value for money (VFM) of projects funded by ISB have been successfully identified.

The Review is divided into two distinct themes:

  1. The ISB as an effective mechanism for investing in public service innovation. The Review looks at whether the ISB model is an exemplar grant funding scheme and identifies the positives and negatives of the processes in place and how effective they have been in gathering the lessons learned.
  2. Analysis of the lessons learned for public service delivery and evidence of the value for money/efficiencies generated. This considers:
    • The ISB portfolio in terms of how innovation has benefited which services/policy areas
    • How far successful approaches have been mainstreamed
    • An assessment of the value for money of the scheme
    • What lessons have been learned in relation to partnership working
    • The extent to which the ISB has promoted more calculated risk taking in government

      A Review of the Invest to Save Budget: An Innovation Fund for Public Services

ISB Projects by Policy Area

ISB Projects by Client

 

Point of Interest Useful Links

National Audit Office - Audit Report on the ISB Programme http://www.nao.gov.uk/pn/02-03/020350.htm

Government Funding http://www.governmentfunding.org.uk

Future Builders - Voluntary Sector

http://www.futurebuilders-england.org.uk/

Compact http://www.thecompact.org.uk/

StartHere http://www.StartHere.org

 

 

 

 

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Title - Latest News

Merry Christmas & Best Wishes for the New Year

Point of Interest 17/12/07 Christmas Availability - The ISB team will not be available from 20 December 2007 until 7 January 2008

Point of Interest 06/12/07 ISB Future - To date all ISB funds have been spent and it is not known at this stage, but is unlikely, that there will be funding for further rounds of ISB funding

Point of Interest 10/10/07 ISB Future -To date all ISB funds have been spent and it is not known whether there will be funding for further rounds of ISB funding

Point of Interest 24/07/07 ISB REVIEW: A review of the ISB is published today. Almost a decade after the introduction of the ISB, the time is right to review the fund to consider whether it has been a successful mechanism for supporting innovation in public service delivery and to identify what has been learned from the projects within the ISB portfolio. Review Portfolio by Policy Portfolio by Client

Point of Interest 21/03/07 Round 9 Winners Announced - a total of 24 bids from organisations spanning the public and third sectors have been awarded funding for projects following the 9th bidding round of the Invest to Save Budget. Press Release - Winners Table

Point of Interest 12/03/07 User Guidance: The User Guidance for the ISB online database is now available. Many apologies from the ISB Team for the delay in getting this to our Project Managers. Please do contact invest.save@hm-treasury.gsi.gov.uk if you have any further difficulties.

Point of Interest 18/12/06 Round 9 Bids All bids are now being scrutinised by departments and spending teams in Treasury. They have met the basic criteria but this is no guarantee that they will be successful as the fund is hugely oversubscribed and therefore it is a very competitive process.

The ISB committee will consider a shortlist in January following which recommendations will be made to the Chief Secretary to the Treasury. Projects will know whether they have been successful at the Budget in March.

 

Point of Interest News Archive...


Title - Conferences


Point of Interest An Invest to Save Budget (ISB) Conference took place at the Treasury in London on 15 June 2006 with an address from Stephen Timms the Chief Secretary to the Treasury. The event focussed on projects and partnerships involving the third sector and the aim was to get feedback on the contribution the ISB has made to understanding the role of the sector in the delivery of public services within local communities. This was an interesting and diverse conference, which offered the chance for people to meet who are involved in innovation right across public and third sector organisations, and learn lessons from the projects being presented. Details of Stephen Timms Chief Secretary to the Treasury Speech

Point of Interest Ideas into Action'
The Sixth ISB Conference will be held on 18th March 2004 at The Brewey, Chiswell Street, London.

Point of Interest More Information...

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