“The returns from Te Pūtahitanga o Te Waipounamu Wave 16 investment have seen whānau shift from state dependency and subsistence living towards independence and wealth creation.
“In line with that, whānau who participated in Wave 16 initiatives also reported higher life satisfaction than the general Māori population,” said Harper.
“This is significant and emphasises the enormous value of direct whānau investment, in a social, cultural and in an economic sense.”
The study found that across the 83 funded initiatives, almost 5000 Māori were positively impacted, with a net present value of up to $87,433 per person. This reflects how much extra income they would have to receive to get the same increase in life satisfaction.
AERU estimated that the economic value of increased life satisfaction combined was at least $7.2 million, but likely to be many times that as the impacts rippled through all participating whānau.
Even the minimum impact implied an economic benefit of $2.40 for every $1 of investment, with the possibility of much higher returns from this investment in whānau agency and wellbeing.
Harper said the Ihi Research report was not the first to back the Whānau Ora approach but was remarkable in terms of singling out the economic return on investment.
Dr Catherine Leonard, director at Ihi Research, described Wave investment in capability as “turning the dial for whānau” and said the results indicated sustained positive change in the lives of whānau in Te Waipounamu.
“It emphasises, too, the need to value outcomes that are valued by Māori – the right of whānau to strive and thrive on their terms based on their own notions of wellbeing and success.
“The public investment of close to $3 million in Wave 16 has provided very good value for money.”
