The second round of the non-household market’s Market Improvement Fund (MIF) is now open and accepting bids.
MOSL, the market operator for the non-household retail market in England, is facilitating MIF on behalf of the Strategic Panel, funding projects that can make a positive impact on the market and deliver benefits to business customers.
Individuals or groups can apply for between £10k-£150k funding until the bidding window closes on 23 March at 12pm.
Steve Formoy, MOSL’s Director of Finance commented on the announcement: “We are proud to be bringing the second round of the Market Improvement Fund to the non-household market on behalf of the Strategic Panel.
“Following an exciting first round which saw seven successful projects receive funding, we want to encourage more individuals and groups to access this fund for any projects that can drive real change to the market and its customers.”
- Enhance market functioning and benefit non-household customers
- Not be considered ‘business as usual’
- Not confer any competitive advantage to any trading party or group of trading parties
- Be sponsored by at least one trading party or MOSL as market operator (however third-party bids are encouraged).
Following the success of the first round in September 2021, the total fund amount has been increased to £1.5m and is funded by a proportion of performance standards charges.
More information about the Fund and how to apply is available on the MOSL website.