EFFECTIVE PARTNERSHIPS FOR SOCIAL GOOD
The Social Contracting pillar allows Ma an to facilitate the most effective partnerships and solutions to meet our society s needs. Our approach is informed by a new financial model known as pay for success financing. When Ma an contracts with an organisation to deliver public services, those contracts are linked to measurable social outcomes. We call these investments Social Impact Bonds. With a built-in emphasis on community impact, Ma an establishes contracts with partners that advance our long-term goals of connecting and improving lives across the city. The range of initiatives we contract engages many different stakeholders for holistic outcomes.
Ma an s Social Contracting pillar works by contracting solutions that work, and investing government funding into proven methods with outcomes.
MA AN BRINGS TOGETHER THREE TYPES OF PARTNERS:
A GOVERNMENT ENTITY THAT IDENTIFIES THE SOCIAL PRIORITY
A TRUSTED ORGANISATION WITH ISSUE-AREA EXPERTISE
A PRIVATE SECTOR INVESTOR THAT HAS A STAKE IN SOCIAL PROGRESS
Together, they work hand-in-hand to make progress, and only the ideas that rise to the top become permanent. Each partner brings something valuable to the table, and everyone benefits from innovation.
HOW SOCIAL CONTRACTING WORKS
EACH PARTNER BRINGS SOMETHING VALUABLE TO THE TABLE, AND EVERYONE BENEFITS FROM INNOVATION.