{"id":7743,"date":"2019-04-23T16:30:45","date_gmt":"2019-04-23T15:30:45","guid":{"rendered":"http:\/\/inovacaosocial.aldeia.inovacaosocial.portugal2020.pt\/?page_id=7743"},"modified":"2019-10-15T15:29:02","modified_gmt":"2019-10-15T14:29:02","slug":"social-impact-bonds","status":"publish","type":"page","link":"https:\/\/inovacaosocial.portugal2020.pt\/en\/financing\/social-impact-bonds\/","title":{"rendered":"Social Impact Bonds"},"content":{"rendered":"

[et_pb_section fb_built=”1″ fullwidth=”on” module_class=”internal-page” _builder_version=”3.22.3″][et_pb_fullwidth_header title=”SOCIAL IMPACT BONDS” header_fullscreen=”on” background_overlay_color=”rgba(51,51,51,0.6)” _builder_version=”3.25.4″ background_color=”rgba(126,190,197,0)” background_image=”https:\/\/aldeia.inovacaosocial.portugal2020.pt\/wp-content\/uploads\/sites\/3\/2019\/08\/photo-1559017958-5464bd2869a4.jpg” background_position=”top_center” z_index_tablet=”500″ button_one_text_size__hover_enabled=”off” button_one_text_size__hover=”null” button_two_text_size__hover_enabled=”off” button_two_text_size__hover=”null” button_one_text_color__hover_enabled=”off” button_one_text_color__hover=”null” button_two_text_color__hover_enabled=”off” button_two_text_color__hover=”null” button_one_border_width__hover_enabled=”off” button_one_border_width__hover=”null” button_two_border_width__hover_enabled=”off” button_two_border_width__hover=”null” button_one_border_color__hover_enabled=”off” button_one_border_color__hover=”null” button_two_border_color__hover_enabled=”off” button_two_border_color__hover=”null” button_one_border_radius__hover_enabled=”off” button_one_border_radius__hover=”null” button_two_border_radius__hover_enabled=”off” button_two_border_radius__hover=”null” button_one_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover=”null” button_two_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover=”null” button_one_bg_color__hover_enabled=”off” button_one_bg_color__hover=”null” button_two_bg_color__hover_enabled=”off” button_two_bg_color__hover=”null” title_text_shadow_style=”preset1″ title_font=”|300|||||||”]<\/p>\n

Finances innovative projects in priority public policy areas against delivery of previously agreed measurable social outcomes.<\/p>\n

[\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.3″ background_color=”#4fb69c”][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.22.4″ background_layout=”dark” max_width=”70%” module_alignment=”left” z_index_tablet=”500″]<\/p>\n

Purpose<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”3.22.4″ header_2_font_size=”39px” background_layout=”dark” max_width=”70%” max_width_last_edited=”on|phone” module_alignment=”left” z_index_tablet=”500″]The SOCIAL IMPACT BONDS financing instrument aims at financing, against an outcome-based contract, innovative projects committed to achieving social outcomes and efficiency gains in priority public policy areas, such as Social Protection, Employment, Healthcare, Justice and Education.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.3″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.22.4″ max_width=”70%” max_width_last_edited=”on|desktop” module_alignment=”left” z_index_tablet=”500″]<\/p>\n

How it Works<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”3.22.4″ header_2_font_size=”39px” max_width=”70%” max_width_last_edited=”on|” module_alignment=”left” z_index_tablet=”500″]The project should be implemented by one or more private entities and financed by one or more social investors, and it should set out to achieve measurable social outcomes, the indicators and targets of which must be validated beforehand by the public authority that oversees the respective sectoral policy.<\/p>\n

Proposed social outcomes, as well as their respective indicators and targets, will be established and put into writing beforehand, based on the application. If said outcomes are achieved, the social investors will be fully reimbursed for the amount invested in achieving them.<\/p>\n

Applications should be submitted in partnership with the organisations involved: implementing organisations (those that are running the project), social investors (those who are financing the project) and public authorities (that confirm whether the project is aligned with public policy and the relevance of the expected outcomes).<\/p>\n

The financing needs of projects must be greater than EUR 50,000.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.3″ background_color=”#f7f7f7″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” z_index_tablet=”500″][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.22.4″ max_width=”70%” max_width_last_edited=”on|” z_index_tablet=”500″]<\/p>\n

Who can apply?<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”3.22.4″ header_2_font_size=”39px” max_width=”70%” max_width_last_edited=”on|” module_alignment=”left” z_index_tablet=”500″]Any private sector or social sector organisations (Associations, Foundations, Cooperatives, Private Charity Institutions (IPSS), etc.) may be social investors or implementing organisations. Neither, however, may have a controlling interest in the other.
\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”3.22.3″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.22.4″ max_width=”70%” max_width_last_edited=”on|desktop” module_alignment=”left” z_index_tablet=”500″]<\/p>\n

Technical fields and corresponding Public Authorities<\/strong><\/h3>\n

[\/et_pb_text][et_pb_text _builder_version=”3.22.4″ header_2_font_size=”39px” max_width=”70%” max_width_last_edited=”on|” module_alignment=”left” z_index_tablet=”500″]<\/p>\n

<\/h3>\n