- Posted by: Mike Hedges MS
- Categories: Press Releases, Uncategorized
Mike Hedge AM
3. Will the Minister provide an update on invest-to-save? OAQ(4)0621(FIN)
The invest-to-save fund continues to be an integral part of the Welsh Government’s strategy to ensure continuous improvement in public services in Wales.
Can I thank you for that answer, Minister? As the Minister is aware, I am very supportive of the invest-to-save concept, but can I ask: has any study been done to see if the saving from invest-to-save has continued after the payback period has completed?
Thank you, Mike Hedges. In fact, we did have an independent evaluation of invest-to-save in 2014, and it looked at a number of projects to examine whether savings had been generated after implementation. The study found that, for every £1 invested by the invest-to-save fund, a gross return of £3 was generated. Indeed, it confirmed that savings were implemented past the payback period.