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.
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
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.
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.