Through Invest-to-Save, the Welsh Government provides support to public service organisations to help them introduce new and/or proven ways of working that deliver improvements to public services and make the best use of resources.
In a statement to Plenary Jane Hutt said:
"The Welsh Government has a key role in supporting public organisations to help them meet the challenge of reducing budgets while delivering quality services. Invest-to-Save funding is a practical example of this support.
"Since the Fund’s introduction, it has supported over 50 projects with £52m having already been invested.
"With the success to date of Invest-to-Save I have decided to increase the size of the Fund. I am making available an additional £20m over this and the next two financial years – starting with £10million in 2012-13. This additional funding will ensure the future sustainability of the Fund."
The Minister also announced plans to invest £12.7m to support seven new projects, which overall are projecting annual savings of at least £74m.
- £7.5m to three schemes led by Local Health Boards - Hywel Dda, Cardiff and Vale and Cwm Taf. The projects will address the issue of providing high-quality services to elderly and frail people in our communities;
- Support for the next phase of the NHS’ collaborative approach to procurement for mental health rehabilitation services; and
- Provision for the NHS to support pilot work to explore the potential benefits of applying e-rostering/scheduling more widely, to assist the Aneurin Bevan Health Board in introducing Medicines Management practices to secondary care and to support the continued roll-out of the NHS voluntary early release scheme.
Jane Hutt added:
"The projects funded by the Invest-to-Save fund have shown how innovative, collaborative working can make a real difference. By joining-up services and working together we can ensure that everyone has access to efficient, high-quality services while at the same time using the limited funding available in the most effective way."