The Mutuals Interim Support Fund (MISF) is a grant scheme to support organisations to consider, develop or grow a public service mutual. The MISF will award grants of up to £25,000 for organisations to purchase professional advice and support to help them consider, develop or grow a public service mutual.
What is a public service mutual?
A public service mutual is an organisation which:
• has spun out (moved out) of the public sector
• continues to deliver public services
• enables employees to have a substantial degree of influence and involvement in running the organisation (for example, staff may own shares or have representation on its board)
The public service mutual model encompasses a broad range of employee-led structures, including charities, social enterprises, community interest companies, partnerships, and joint ventures.
Why is the government supporting public service mutuals?
The government believes public service mutuals have an important role to play in public service reform and in creating a more inclusive economy. It sees potential for these organisations to drive more innovative, responsive, efficient and better quality public services, enhancing social outcomes in communities.
The government wants to see a more sustainable, scaled up public service mutuals sector over the course of this Parliament.
The Department for Digital, Culture, Media and Sport Mutuals Team encourages and supports the establishment of public service mutuals.
For further information and to apply, visit: www.gov.uk/guidance/introduction-to-public-service-mutuals
Deadline: Monday 31 July 2017