The Outcome Fund is an initiative aimed at establishing a public-private impact finance mechanism to address social challenges in the territory. The mechanism involves the aggregation of a series of “outcome-based” contracts, a financing model where payments are linked to the achievement of predefined and measurable impact results.

Throughout 2024, numerous meetings were held with stakeholders, including within the Communities of Practice framework, and similar existing tools and examples of best practices were mapped. Efforts were also focused on defining the impact measurement methodology and the technical structuring of the mechanism.

Thanks to the approval of the European TOUCH project (Tackling Outcome-Based Finance Challenges: A Replication Model for Social Economy) under the Employment and Social Innovation (EaSI) component of the European Social Fund Plus (ESF+), it will be possible to launch a pilot in Piedmont to address the issue of NEETs. As part of the project activities, the details of the mechanism will be defined, enabling third-sector organizations and social enterprises to participate in calls for funding to achieve their impact results. Building on the initial pilot in the Piedmont region—bringing together public and private actors as investors and outcome payers—the model will then be shared at the national and European levels.