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The report presents the current state of research and scientific debate on the ‘Social Investment’ policy paradigm in European countries. An extensive review of literature and scientific sources is presented in this document covering the areas of social investment research in selected countries of the European Union.The aim of the review was to identify innovative and strategic approaches to social welfare reform, which have been described in the existing scientific literature since 2000. Different types of scientific sources in 9 languages were reviewed including: academic papers, monographs, chapters from academic volumes, conference papers and scientific reports, both theoretical and empirical. The research on scientific literature review was supported by the European Commission, Research Executive Agency, upon the Horizon 2020 Programme within the project “Innovative Social Investment: Strengthening communities in Europe” (InnoSI). Based on the review the authors answer research questions about defining the social investment concept, the main perspectives used to analyse the social investment, instruments of social investment, facilitators and limitations for their implementation in the welfare systems.