Further to the post on the 8th of February regarding the closure of the Mutual Fund Administration 123 : Mutual Fund Closure – Support for schools and settings (devon.gov.uk), and based on feedback received from schools, the Mutual Fund Board has made the decision to consult on whether or not to close the Mutual Fund as at 31 March 2025.
For clarity, this means that the decision on whether or not to close the Mutual Fund has not been taken at this point and the board will base their decision on the results of the consultation.
The consultation will be during the same time as the Schools Funding Consultation and further information will be provided closer to the time.