Cost savings – focus on the short or longer term?
The pressure to demonstrate savings across projects within the public sector has intensified to unprecedented levels in the last 6-7 years. In an era of ever tightening budgets, particularly within local government and the health sector, cost effectiveness and return on investment is ever more important. This is, to a large degree understandable, with a tightening system where access to funding requires evidence-based business models and a clear demonstration of a shift away from dependency across a swathe of services.
But should this equate to services at every level, particularly those dealing with some of the most complex and vulnerable people in society? What does the evidence show us thus far, and should there be a shift in the narrative – particularly within the field of multiple and complex needs – away from a focus on short-term savings towards investing in the lives of individuals? This short briefing focuses upon findings from the Liverpool Waves of Hope (LWoH) Year 2 evaluation report to help explore this.
Read the full report click here
Read more stories from our September 2017 update: