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General overview

Stage of development: Complete

Policy sector: Employment and training

Date outcomes contract signed: Mar 2013

Start date of service provision: Mar 2013

Capital raised (minimum): EUR 720k (USD 955.97k)

Intervention

The Buzinezzclub social impact bond aims at reducing unemployment amongst youth without qualifications / underqualified in Rotterdam who receive unemployment benefits. Buzinezzclub offers the target group guidance and training on starting a business and provides a workspace, network and role-models. This should lead to a faster outflow from unemployment to entrepreneurship. The intervention also promotes the development of a passion for a specific profession. Participants may look for a job or education related to this profession as an alternative to starting their own business.

Target population

Youth (aged 17 to 27) without qualifications / underqualified in Rotterdam who receive unemployment benefits. To qualify for the intervention, young people must be receiving unemployment benefits for 0 to 24 months.

Location

Country

  • Netherlands

Service delivery locations

  • Rotterdam, the Netherlands

Involved organisations

Commissioners/outcome payers

Service Providers

Investors

Intermediary organisations

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Outcome metrics

  • Participant is employed or in training (i.e. off unemployment benefits). Expected number of benefit days saved from moving people into employment or training.

SyROCCo reports

The following articles are taken from the Systematic Review of Outcomes Contracts Collaboration (SyROCCo) Machine Learning tool.

The tool is a collaboration between the Government Outcomes Lab and machine learning experts from the University of Warwick, that allows you to navigate and explore data extracted from nearly 2000 academic and grey literature publications related to outcomes-based contracting.

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