Innovating the way we deliver social services

Are you a municipal, regional or national authority interested in new ways to address societal challenges? Have you heard of Social Outcomes Contracting? Are you an intermediary looking to finance impact investing and social innovation using InvestEU resources?

Social Outcomes Contracting is an innovative form of procuring social services, based on outcomes rather than outputs. Social Outcomes Contracting offers new opportunities for combining and directing public and private resources towards positive social impact. These schemes aim to address social challenges by enabling investments in proactive and preventive actions, generating savings and improving cost-efficiency of public interventions. They also allow public authorities to test social innovation, promoting strong knowledge-based management and encouraging cooperation across government, as well as across sectors.

The EIB offers a wide range of advisory services to support countries wishing to develop outcomes-based approaches, to further develop the social impact investment market in Europe.