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Speaker 1: And around out a week of pre budget news, we've

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Speaker 1: got one hundred and ninety million towards the creation of

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Speaker 1: this new Social Investment Fund. Broadly, it's to stop the

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Speaker 1: ambulance at the bottom of the cliff stuff we do

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Speaker 1: in social issues in this country. Round about twenty initiatives

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Speaker 1: get money. Andrew cost is the boss of all of this.

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Speaker 1: Neys Well, that's very good morning to you.

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Speaker 2: Good morning mate.

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Speaker 1: This could be wooly and feels and a disaster. What's

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Speaker 1: going to stop it being so?

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Speaker 2: Look, Mike, the way government spends at the moment is

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Speaker 2: not getting us ahead of the problems that we see

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Speaker 2: playing out every day. At the point you've got a

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Speaker 2: young person driving a car into a shop or doing

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Speaker 2: some other stupid thing. There've been many missed opportunities in

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Speaker 2: the years before to make a difference. And that's what

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Speaker 2: this fun's about.

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Speaker 1: Are those twenty initiatives that you've looked at, are they

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Speaker 1: at a place where you can look at them and

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Speaker 1: put your hand on your heart and go tell you

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Speaker 1: what these going to work.

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Speaker 2: We've got three initiatives that were announced yesterday. They were

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Speaker 2: first cabs off the rank. They are exciting because they

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Speaker 2: are really they're cross cutting. They look at what's required

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Speaker 2: to support the families where there's issues are sitting and

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Speaker 2: there will be many more out there. But the funding

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Speaker 2: doesn't start till one July, so this is going to

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Speaker 2: roll out over the next year.

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Speaker 1: Does this money come from other areas of social agency

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Speaker 1: at the bottom of the cliff in other words, we've

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Speaker 1: accepted failure there, so have some money upfront? Or is

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Speaker 1: this yet more new money?

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Speaker 2: This fund is established with new investment in budget twenty five.

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Speaker 2: But an important part of this is looking across social

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Speaker 2: spend and shifting it towards higher impact. And at the

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Speaker 2: moment we don't have a good idea of what the

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Speaker 2: actual result is of the money we spend. We get

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Speaker 2: lots of activity, but we can't tie it to outcomes.

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Speaker 2: This fund will work in quite a different way in

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Speaker 2: tracking the results, and that creates opportunity for funding to

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Speaker 2: move to the place where it can be best deployed.

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Speaker 1: See I've conducted any number of interviews about a ring Atamareki.

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Speaker 1: Our ring of Tamareki was going to be turned around

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Speaker 1: and we were going to find and yet there's yet

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Speaker 1: another report that says it's basically useless. It doesn't work,

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Speaker 1: So what's preventing your agency being the same thing.

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Speaker 2: One of the challenges when you're working in a narrow

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Speaker 2: portfolio is the portfolio will tend to prioritize the things

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Speaker 2: that are near term, like think current electoral cycle, and

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Speaker 2: that are tightly within that portfolio. This fund is portfolio neutral.

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Speaker 2: It's more concerned with supporting change in the families where

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Speaker 2: that needs to occur, rather than treating the symptoms of

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Speaker 2: problems that might present day to day.

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Speaker 1: When will you be able to come on this program

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Speaker 1: and say here's what we did and here's what happened,

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Speaker 1: and that's positive.

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Speaker 2: It'll take us probably the first year to start seeing

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Speaker 2: some results coming through. You know, if I say to

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Speaker 2: you we'll have results in three months, then I'm falling

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Speaker 2: into exactly the same trap of all of our other spend,

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Speaker 2: which is it's reactive. It's trying to paper over the

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Speaker 2: cracks rather than shift the dial. But we'll start to

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Speaker 2: see results in the fifty year plus.

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Speaker 1: I wish you well. Andrew Costa, former police Commissioner of

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Speaker 1: course CEO these days of the Social Investment Agency.

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Speaker 2: For more from the My Asking Breakfast, listen live to

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Speaker 2: news talks at b from six am weekdays, or follow

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Speaker 2: the podcast on iHeartRadio