Govt moves on social investment with new agency

Finance minister Nicola Willis said a new fund will begin investing in 2025, aiming for a “wide portfolio of investments in social services”. (Image: NZME)

Staff reporters

Thu, 09 May 2024

The government is replacing the Social Wellbeing Agency with the Social Investment Agency, which will lead the coalition's new social investment approach.$50.5 million in new funding has been allocated to the project, including setting up a new Social Investment Fund.The new agency will be a standalone entity overseen by a Social Investment Board, which will act as an advisory committee to a selection of 16 social investment ministers.The current agency is a departmental agency within the Public Services Commission. Minister of finance...

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