Expressions of Interest: Social Enterprise Payment by Outcomes Mechanisms

White Box is working towards a Social Enterprise Payment by Outcomes Pilot (PBO) to improve long-term employment outcomes by linking Australia’s most disadvantaged people with supported employment in work integrated social enterprises (WISE).

WISE are invited to submit this expression of interest (EOI) in a future PBO, should one become available.

Please note, by expressing interest people may be invited to apply for participation in a program at a future date and selection will be based on a range of factors that take into consideration the design and intended outcomes of a PBO.

Payment-by-Outcomes (PBO) Contract

An innovative Australian-first financing mechanism for jobs-focused social enterprises.

What is different about a PBO?

A Payment-by-Outcomes (PBO) contract shakes up how Australian job providers are funded and provides ongoing support for disadvantaged job seekers at risk of falling through the cracks. Under a PBO contact, social service providers are only paid by the government when they meet agreed targets, for example, creating a certain number of jobs over a set timeframe.

Upfront working capital to deliver the program is funded by “impact investors” who loan social enterprises money and are repaid at an agreed interest rate when outcomes are achieved.

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