The Social Wellbeing Agency (SWA) became the The Social Investment Agency (SIA) on 1 July 2024.

The SIA has 4 new functions that:

• set the standards for social investment practice to ensure consistency across government agencies and contracted providers
• advise on and facilitate the creation of the data and evidence infrastructure for social investment
• work with other agencies to apply the social investment approach
• lead an ongoing review of social sector spending to measure outcomes.

And is still responsible for their previous functions to deliver:

• cross-social system advice and support for the social sector with cross system work
• insights, tools, and practices that improve cross social system decision making for improving wellbeing.