M

• Managed work space

  Buildings providing accommodation for start-up and existing businesses. In addition to leased space, new businesses also have access to training and advice. They also provide an income stream to community regeneration organisations such as Development Trusts.

• Micro-enterprise

  A very small business, usually defined as "a business with fewer than 10 staff". Sometimes defined as "a business with fewer than 5 staff". 89% of all UK businesses have fewer than 5 employees. Some Social Enterprise such as development trusts run programmes to assist Micro-enterprise.

• Micro-finance

  This term refers to small savings and loans facilities with no (or a very low) minimum deposit. It also refers to other financial services such as insurance, money transfers and bill payments that are designed for people on low incomes.
• Micro-loan fund

  A fund providing small loans, (and therefore a particular form of micro-finance). A micro-loan fund is a specialised form of financial service based on distinct products specially designed to service micro-enterprises and is not merely the occasional provision of a very small loan.

• Mutualisation

  This term refers to the increased use of mutual organisations to provide services under contract to local authorities.

• Mutuals

  Mutual organisations are those whose members have joined together with a common purpose to provide a shared service of mutual benefit. They are legally constituted in a number of ways. Mutual business structures include co-operatives, building societies and other employee-owned businesses.