Public Private Partnerships in Social Finance

Last Tuesday, the last workshop within the EaSI Technical Assistance program for social finance providers took place in Stockholm. Participants heard about existing models and how they function.

Speakers included Miia Rossi-Gray (European Commission) who talked about a study on the benefits of social outcomes contracting; Tomas Bokström from RISE’s Social and Health Impact Center presenting different social outcomes pilots in Sweden; Helena Orrevad from the Swedish Association of Local Authorites and Regions illustrating the public authorities’ perspective; Ylva Lundkvist Fridh from Microfonden Sverige providing insights into the subordinated loan facility from a Swedish region that the fund is using to finance social purpose organisations; and Mika Pyykkö sharing is vast experience in implementing social impact bonds in Sweden.

The workshop presented a great opportunity to learn from other countries and experiences, network with other stakeholders as well as discuss all questions regarding the practical aspects of such funding collaborations.

It became apparent that there is enormous potential to mobilize additional private capital and foster impact-oriented resource allocation when setting up public private partnerships. But clear evidence on which models work best, how they should be set-up and the best approach to get all stakeholders together in the pursuit of a joint objectives remains very challenging.