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.
Our services
- Market development activities to support the development of project pipelines and the uptake of InvestEU financial products
- Project preparation and implementation advisory support, such as advice on feasibility, structuring, and business plans
- Advice on identifying social impact objectives and strategies to achieve them, as well as relevant reporting systems
- Support to project promoters to develop organisational capacities
- Support the development of platforms that facilitate social impact investment and innovative financing approaches, such as crowdfunding
- Advisory support to public authorities and intermediaries to develop and establish national or local Social Outcomes Contracting initiatives
Sectors covered
Social services fostering inclusion of vulnerable groups and tackling discrimination and inequality, social innovation interventions, upskilling, reskilling and education schemes. Community-based services, healthcare, schemes fostering integration of third country nationals and tackling post-pandemic societal issues.
Who benefits
National, regional and municipal authorities, NGOs, foundations and not-for-profit organisations, private sector entities acting as investors, financial intermediaries and investors in impact investing.
Request support
The InvestEU Advisory Hub support is available via a central entry point on the European Commission’s website.
While addressing your advisory request, you can indicate the EIB as the provider of services for your project.
More information on the EIB advisory services under InvestEU
To find out more about the services offered by the EIB under the InvestEU Advisory Hub send an email to eib-advisory@eib.org.