Phase for Expressions of Interest for Social Impact Bonds Launched
“Portugal Inovação Social launches the phase for Expressions of Interest for Social Impact Bonds (…) happening from the 22nd of September to the 13th of October.”
Portugal Inovação Social launches the phase for Expressions of Interest for Social Impact Bonds (SIBs), happening from the 22nd of September to the 13th of October.
This process, which preceds the formal applications, aims at providing the necessary technical support to the development of SIBs. It intends to better orientate the main stakeholders when preparing applications and is formulated to identify any doubts in relation to the financing through SIBs.
SIBs are financing mechanisms, which imply the celebration of a contract between social investors, public entities and social organisations, in order to achieve specific and initially agreed social outcomes.
Social Economy organisations are invited to submit their intentions to apply for financing with innovative solutions, in areas such as employability, health, social protection, education and justice. Organisations shall apply by filling in the form available in Portugal Inovação Social’s website.
It is suggested that interventions are to be located in the North and Centre of Portugal, as well as Alentejo, since these represent the preferred initial regions for financing through SIBs.
The period for submission of Expressions of Interest will be followed by a series of specific technical support sessions, which will precede the opening of formal applications, planned to happen until the end of 2015.
(Adapted from article produced by Portugal Inovação Social)