One of the most prominent hospitals to become a "mutual joint venture" did so under the last government.
Most damningly, the NAO says no one in the Cabinet Office has a view or control of the overall system and when it set up MyCSP as a mutual joint venture, it had no means of tracking the benefits.
Spun off earlier this year as a mutual joint venture co-owned by its employees, the Cabinet Office and the innovation charity Nesta, it has been credited with encouraging more than 100,000 people to carry organ donor cards.
The company describes itself as a unique brand: a mutual joint venture partnership between the staff, who own 25% of the company held in trust for them by MyCSP Trust Company; central government, which owns 24%; and its private sector partner and investor Equiniti.
The government's flagship mutual venture, which pays pensions to more than 1.5 million retired civil servants, has hit a crisis over delayed payments as a result of a new IT system and moving its payments in-house.
Didi Kuaidi, Lyft in the U.S., leading Indian car-hailing app Ola, and GrabTaxi, which holds most of the market in Southeast Asia, are now aligned through investments and mutual venture capital backers.
Labour say it will open Sure Start early years children's centres to charities and local childcare providers, and use its proposed British Investment Bank – designed to use income from mobile phone spectrum licenses to fund lending to small businesses – to finance co-operative and mutual ventures.
During his distinguished tenure as Chairman of Lincoln Center from 1986 to 1994, George oversaw the construction of the Samuel B. and David Rose Building and united all twelve Lincoln Center constituents in an unprecedented mutual programming venture, the 19-month Mozart Bicentennial.
As well as bringing companies closer and thereby easing information-sharing, joint ventures give potential cartel-members a mutual "hostage" to ensure that price-fixing agreements are kept.
