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New social investment agency to launch

NZ Newswire logoNZ Newswire 20/04/2017

The government's Social Investment Unit is being scrapped in favour of a stand alone agency to widen the focus of social sector agencies on interventions across a person's whole life.

The current unit operates within the Ministry of Social Development and within it agencies have a more specific focus.

Social Investment Minister Amy Adams said on Friday that the new Social Investment Agency and Social investment Board would create better understanding for agencies to assess the impact of their work across the course of a lifetime.

"The Social Investment focus is fundamentally about changing the lives of the most vulnerable New Zealanders by focusing on individuals and families, understanding their needs better and doing more of what we know is most likely to give the best results," she said.

The agency will come into operation on July 1 and will comprise the chief executives of the Education, Health, Justice and Social Development ministries headed by an independent chairperson.

"[It] will provide robust all-of-government social investment advice about which people we should be investing further in, and in what ways," Ms Adams said.

The agency, hosted within the State Services Commission, will be responsible for providing investment advice and implementation oversight and will report to Ms Adams and the Social Policy Cabinet committee.

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