2012 Welfare Reforms first introduced the notion of a social investment approach

2012 Welfare Reforms first introduced the notion of a social investment approach

Treasury’s Living Standards Framework upon which the Government is placing so much emphasis has been in development since 2011, and the 2012 Welfare Reforms first introduced the notion of a social investment approach, looking to evaluate the long-term return from investing in social services, and to use this information to target future spending. That is…