The Executive agreed on 22 March 2011 to the establishment of the Social Investment Fund and monies totalling £80million over a four year period were subsequently allocated in the Budget.
The high level aim of the Social Investment Fund is to reduce poverty, unemployment and physical deterioration in areas through area based interventions of significant scale which will be delivered in partnership with communities. The aim of the Fund is to encourage communities, statutory agencies, business and departments to work together in a co-ordinated way, reducing duplication, sharing best practice and enhancing existing provision for the benefits of those communities most in need.