The fund was announced in January 2018 by Tracey Crouch, minister for sport and civil society at the Department for Digital, Culture, Media and Sport (DCMS).
While the department does not plan on dividing the money between different sectors, it has stated that supporting organisations working with children and young people is an area of interest.
What does it fund?
Applicants looking to start a new mutual will need to demonstrate that they have a strong understanding of how mutuals work, explain why they believe the mutual model is right for their services and be clear about the impact it will have on staff and customers. Applicants are encouraged to read the toolkit on the government website and speak to mutuals that have already gone through the process.
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