To support countries wishing to develop outcomes-based approaches, the Advisory Platform for Social Outcomes Contracting operates as a joint initiative of the European Commission and the European Investment Bank Group, hosted by InvestEU Advisory Hub.
Created in early 2020, the Platform has already developed tens of projects and aims at supporting the use of social outcomes contracts (including social impact bonds and payment-by-results contracting, etc.) as a strategic and operational tool for delivering social impact and innovation to address key social inclusion challenges in Europe and contribute to society’s increased well-being.
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. Typically, in SOC operations the service provider’s compensation is linked to a measurable social impact rather than to a specific set of tasks.
The Advisory Platform for Social Outcomes Contracting offers the following support:
– Advice and individual project support, inter alia, early exploration, feasibility studies, co-creation processes, expert advice,
– Peer-to-peer knowledge exchange, awareness and capacity building leveraging local knowledge and sharing of know-how regarding project development,
– Developing guidance in areas of common interest for its stakeholders.
The support is available – free of charge – to public authorities in order to create a tailor-made advisory package to fit individual project’s needs, to elaborate feasibility studies and build capacity of public administrations through ad hoc training and workshops, facilitating connection to relevant European peers, etc.
Archivio:
A new United Nations report29 October 2024
Corporate sustainability due diligence14 December 2023
Introducing the Impact Taskforce (ITF) State of Play 202312 December 2023
Coke launches $137.7m sustainability fund15 September 2023
Impact Investing UK case study repository15 September 2023
European Commission adopted a Proposal for non-profit associations13 September 2023
Turn in European social procurement policies16 December 2022
The transition pathway for proximity & social economy15 December 2022
Social Value Matters Europe in October in Turin27 June 2022
The Global Citizen Impact Funds02 May 2022
Social impact integrates the new European innovation ecosystems09 February 2022
EU co-creation of the proximity and social economy ecosystem09 February 2022
The Impact Taskforce: time to deliver07 February 2022
Italy: ten million for benefit companies10 December 2021
Peer2Peer: Amsterdam Impact29 September 2021
EU Social Taxonomy for a sustainable finance27 September 2021
EVPA position paper on EU Action Plan for the Social Economy20 September 2021
Generation Changemaker29 June 2021
The Franchising Push for Social Impact31 March 2021
B20 at the start, in the sign of the impact revolution18 February 2021
Everyone a Changemaker, Ashoka’s mission15 February 2021
The Final Statement of The Economy of Francesco10 December 2020
B Corp and B Movement Builders11 November 2020
Road to Mannheim 2021, European Social Economy Summit08 October 2020
Responsible Banking07 October 2020
Cities and Social Impact Bonds05 October 2020
If not now, then when?22 May 2020
Strong Social Europe for Just Transitions27 February 2020
The Global Steering Group for Impact Investment18 November 2019