The Social Investment Fund CEO says their new approach will help address New Zealand's social issues. 

It's receiving $190 million in this year's budget, aiming to invest in social services early to prevent future harm and save costs. 

The first three initiatives to benefit will be Autism New Zealand, Emerge Aotearoa —which works with young offenders— and an iwi wraparound service provider.  

CEO Andrew Coster told Mike Hosking the fund has a long-term and wider focus. 

He says its portfolio neutral and will focus on creating change in families where it needs to occur, instead of dealing with the day-to-day symptoms of problems. 

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