Market Improvement Fund

The Market Improvement Fund (MIF) has been established to fund and deliver innovative projects that will benefit the non-household market and its customers.

 

The Market Improvement Fund was established through the implementation of change proposal CPM018: 'Treatment of Market Performance Standard charges and Operational Performance Standard charges which seeks to use some or all of the charges to fund activities which may address market failures that cannot be addressed through other funding mechanisms.

The projects that are applicable to this fund are those which: 

  • Enhance market functioning and benefit non-household customers
  • Cannot be considered 'business as usual'
  • Do not confer any particular competitive advantage to any trading party or group of trading parties.

Applicants can bid for a minimum of £10k and a maximum of £150k. The total amount available to projects is £1.5m, a £500k increase from the debut round in September 2021.

The first iteration of the fund in 2021 awarded £703k to successful applicants, who were judged by an independent selection panel. You can find out more about the winning bids from the first fund here.

 

How will it work?

  • Bids are not limited to themes - but it is important to show how a project will benefit the market and its customers
  • Applicants must submit applications to MOSL but an independent Selection Panel will review and score the bids to decide the winners - subject to ratification by the Panel
  • Applications must be sponsored by at least one trading party or MOSL, however, third-parties are encouraged to be part of bids.

A full list of criteria is available in the governance document.

How do I apply?

The bidding window is now closed.

We are currently in the process of reviewing the bids for eligibility, before being judged by the independent Selection Committee. 

Interested in submitting a bid for a future round, have a question or would like MOSL to consider sponsoring your bid? Fill our our Expression of Interest form below.

Expression of Interest form

Timeline

 

MIF timeline

Meet the Selection Committee

The independent Selection Committee's role is to assess the bids. The Committee is made up of trading party and independent members, with a representative from CCW. Find out more about them here.

Meet the members

Application top tips

For tips on how to make your application stand out, watch our video.

Keep up to date

To keep up to date with the latest Market Improvement Fund information, please sign up to the 'Market Improvement Fund' mailing list. If you already subscribe to our emails, simply click 'update subscription preferences' at the bottom of any email you receive from us and select 'Market Improvement Fund' when you receive your preferences email.

If you have any questions please email MIF@mosl.co.uk.

FAQs

Related pages

Market Improvement Fund code change

Information on CPM018: 'Treatment of Market Performance Standard charges and Operational Performance Standard charges'

View change

Round one winning bids

Find out more about the winning bids from the first round here.

View

Keep up to date

Receive the most relevant and up-to-date communications from MOSL by signing up to our mailing list.