MOSL launches £1m fund to improve market

MOSL has launched a £1m fund for the non-household water market “to support projects that benefit the market and its customers.”

The Market Improvement Fund will accept nominations throughout September, for funding for projects valued at between £10,000-£150000 from a £1m pot.

The fund was a part of a proposal implemented at the beginning of 2020, to deploy performance standards charges in market improvement projects, rather than redistributing them to trading parties.

To qualify for funding projects must:

• 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; and

• be sponsored by at least one trading party or MOSL as market operator (but third-party bids are encouraged).

Applications will be checked by MOSL for eligibility and assessed by an independent selection committee. Subject to ratification by the panel the winning bids will be announced in November 2021.

MOSL is recruiting selection committee members, which will be made up of trading party, customer, and independent representatives. The brief is here and nominations close on Friday 30 July.