There are four pathways available to the sector:
· New Investment – round two opened on 9 February and closes on 10 March 2026
· Contract Consolidation – community feedback closed on 31 October 2025
· Community Commissioning – in development
· Co-investment – in development
Round Two of the New Investment pathway is open until 10 March 2026. Visit the Pathway One: New Investment page for more information.
The Social Investment Fund opened on 25 August 2025 with Round One of the New Investment pathway. Seven projects were selected for the first round of new investment funding - read more about the initiatives here.
The Social Investment Fund will:
In 2025 and early-2026, the Social Investment Fund will primarily make new investments in organisations that have the infrastructure and capacity to help us test and scale the social investment approach at pace. This work will pave the way for changes that will benefit the wider social sector.
Who can apply to the Social Investment Fund?
We partner with organisations delivering health and social services across New Zealand. This includes:
To be eligible, organisations must be legally registered entities in New Zealand that can enter into contracts and have systems to safely collect and share participant information. We're committed to working with organisations at different stages of capability and we will support successful applicants to meet our data and evaluation requirements.
Got questions about the Fund, application process, or social investment? Read our Social Investment Fund FAQs to find answers to common questions.
Sections covered:
View information about upcoming webinars and recordings of previous webinars on the Webinars page.
For more information on social investment, see:
Refer to these quick guides for more information on specific aspects of the selection criteria for Pathway One: New Investment.
Quick Guide: Understanding how we use outcomes [PDF, 323 KB](external link)
Quick Guide: Understanding Theory of Change and logic models [PDF, 358 KB](external link)
Quick Guide: Continuous learning [PDF, 361 KB](external link)
Quick Guide: Data, learning and impact for the Social Investment Fund [PDF, 555 KB](external link)
Read answers to frequently asked questions about the Fund and the application process on the Social Investment Fund FAQs(external link) page.
Factsheet: What is social investment? [PDF, 199 KB]
Factsheet: About the Social Investment Agency [PDF, 279 KB]
Factsheet: Demonstration initiatives [PDF, 168 KB]
Cabinet Paper 1: System change to support social investment [PDF, 789 KB]
Cabinet Paper 2: Implementing social investment commissioning [PDF, 759 KB]