This working group (WG) focuses on efficient budget spending for better and innovative social outcomes, and on cities' role in promoting social entrepreneurship and social economy. The members of the group are exploring smarter investments and innovative solutions to reduce the public spending and the high demand for social services.

In 2018, the group agreed on the following objective:

• to advocate for Social Economy by developing key messages and recommendations on social entrepreneurship (publish a statement to illustrate the examples of good practices from the publication 'The role of cities in promoting social entrepreneurship');
• to exchange experiences on the new financing tools (social impact bonds, crowdfunding etc.);
• to foster innovation in social service delivery.