Outcomes, Not Process: Towards a New Model for European Funding in an Age of Austerity
Sidebar
Published
May 28, 2011
Main
Abstract
In October 2010, the European Commission presented its initial results of the four year-long EU Budget Review. This came as all levels of government from the local up over, attempted to address shared challenges with static or decreasing resources as a result of the economic crisis. This commentary explores how Social Impact Bonds can potentially lead to greater impact for EU funds at the local level, meaning substantial financial savings in the future due to decreased draws on public services.
Details
Article Keywords
European Union, Budget, Funding, Local government, Innovation, Social
Issue
Section
Commentary
Article Copyright
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Material published in the JCER is done so under a CC BY-NC-ND 4.0 licence, with copyright remaining with the author.- Articles published online in the JCER cannot be published in another journal without explicit approval of the JCER editor.
- Authors can 'self-archive' their articles in digital form on their personal homepages, funder repositories or their institutions' archives provided that they link back to the original source on the JCER website. Authors can archive pre-print, post-print or the publisher's version of their work.
- Authors agree that submitted articles to the JCER will be submitted to various abstracting, indexing and archiving services as selected by the JCER.
