Non-household water market operator MOSL has officially opened its Market Improvement Fund to bids throughout September for projects that will benefit the retail sector and its customers.
Candidates can apply for between £10,000 and £150,000 from a pot of £1 million to develop ideas and implement projects.
The funding money comes from standard performance charges, which the sector voted to redistribute to the innovation and development fund early last year.
To qualify for consideration, projects must be shown to enhance market functioning and benefit customers and should not be considered as business-as-usual activities or to confer competitive advantage to any trading party. All entries should be sponsored by at least one trading party or by MOSL as market operator.
Third party bids, collaboration and new partnerships are encouraged to find innovative ways of solving shared challenges the sector faces.
MOSL will announce the winning bids in November.