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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

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 PSA

ISB Projects by Policy Area

ISB Projects by Client

ISB Projects by Department

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Point of Interest Useful Links

National Audit Office - Audit Report on the ISB Programme

Government Funding

Future Builders - Voluntary Sector



Office of the Third Sector (OTS)



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Title - Latest News


Point of Interest 03/06/09 ISB end of fund- The last ISB funding round 9 was run and all the funding allocated to the fund spent. This marks the end of the fund there will be no further funding. It is unlikely that there will be any similar or alternative fund to replace ISB. However those projects funded in round 9 are still ongoing so as such is the ISB programme until March 2010. A final report of lessons learned from the programme will be done later next year once all projects are complete and the programme has been wound up.(12/03/09)

Point of Interest 12/03/09 Cornwall County Council wins Beacon Status for preventing and tackling child poverty. The Real Choices project, brings together a broad range of partners working to break the cycle of child poverty and ensure each child in Cornwall has the chance to fulfil their potential... Read more

Point of Interest 28/05/08 ISB funded Norwich 12 Project launches new website. A new website for Norwich 12 - the UK's finest collection of individually outstanding heritage buildings spanning the last millennium - has launched:

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 Portfolio by PSA Portfolio by Department

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 former Chief Secretary to the Treasury Speech


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