The Secretary of State in charge of the Social Economy, solidarity and responsibility, is launching this Thursday a call for projects in the field of the circular economy based on a still very confidential public-private partnership: the social impact contract.
Ten million for a takeoff. As part of the roadmap that it presents this Thursday, the Secretary of State for the Social, Solidarity and Responsible Economy, Olivia Grégoire, will announce a call for projects to fight against waste. At least two more must follow for inclusion in employment or assistance to the homeless. Each time, the same budget allocation planned, but above all the use of a very specific public-private partnership vehicle: the social impact contract (CIS).
Born in the United Kingdom in 2010 to finance a rehabilitation program for low-sentenced prisoners, the CIS took legal existence in France four years later. The principle ? An actor in the social and solidarity economy (SSE) calls on a private investor to finance a public action that the State or a community does not want or cannot take on. These will reimburse the investor with interest if the independently assessed results are achieved. In short, the CIS places the public risk on a third party investor.