Tracey Crouch – Minister for Sport and Civil Society – has announced a further £1 million in funding to support organisations looking to either become or grow as Public Service Mutuals.
This follows the success of the £1.7 million support programme launched in January 2018. UK Mutuals have a combined turnover of around £1.6 billion and growing, and research shows the sector is in good health.
Tracey Crouch said, “We want to support the development, growth and sustainability of Mutuals. Our funding boost has already enabled dozens of organisations to flourish. This next round will strengthen our commitment and allow many institutions, staff, and their customers, to benefit from more independence, faster decision-making and less bureaucracy in the future.”
Along with our consortium partners (Mutual Ventures, Baxendale and Bevan Brittan), Bates Wells Braithwaite is playing a key role in supporting organisations through this process.
Between us, we have helped a considerable percentage of the 120+ Mutuals delivering public services in the UK today to find the right models for them, and have seen first-hand how the benefits of becoming a Mutual can transform public services.
To find out more about how we can help your organisation, get in touch with our Mutuals team.
This round of funding is open for applications until 5pm on Friday 29 June 2018. For more information, contact the Mutuals team at DCMS: firstname.lastname@example.org
Posted on 04/06/2018 in Legal UpdatesBack to Knowledge