Social Investment 2.0
What is it?
Social investment establishes deliberate, clearly defined, and measurable objectives aimed at assisting individuals. It leverages information and technology to gain deeper insights into people's needs. By monitoring the effectiveness of services, it identifies successful strategies and areas for improvement. It prioritises investing in outcomes over focusing solely on inputs.
How does it work?
Social investment prioritises targeting those in need over a universal approach and encourages diverse providers for innovation. It relies on robust data and evidence throughout, considering actuarial factors and utilising population data like the Integrated Data Infrastructure (IDI) to track outcomes. Emphasising programme-level data, it requires demonstrating tangible dividends, highlighting the importance of measurable results.
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