Building the case for a National Outcomes Fund

Sarah Doyle, Dale McFee

Abstract


This paper argues for the creation of a National Outcomes Fund as a critical element of a “social impact economy” that appropriately values and diverts resources to social good. This initiative would make funds available contingent on the achievement of targeted outcomes in priority policy areas. It would invite service providers, alongside ministries or other agencies from any order of government, to propose innovative solutions, with the dual objective of improving outcomes for individuals and communities and improving value for public money—which in some cases will correspond with a net decrease in government expenditures over time. It addresses policy recommendations primarily to the federal government, as well as to provincial, territorial, and municipal governments.

Keywords


Social impact; social innovation; policy innovation; impact investing; social finance; outcomes-based funding; pay-for-success; Social Impact Bond

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ISSN 2371-4298