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Ofwat Innovation fund consultation – member feedback session
29 April @ 2:00 pm - 3:00 pm
Ofwat, which runs regular innovation competitions to win a share of £200 million funding for water and wastewater innovations, is asking for your views on future competitions. This includes making over £4 million of funding available direct to innovators, annually.
Future Water will be holding an informal feedback session for members to introduce and share their thoughts on the Ofwat Innovation fund consultation – approach for 2022-25.
After registering, you will receive a confirmation email from Zoom containing information about joining the meeting.
In England and Wales big challenges like climate change threaten the water we rely on. There are also big opportunities to improve lives and the natural world. Innovation is crucial to meeting these challenges and opportunities. And monopoly water and wastewater companies in England and Wales need to play their part. At Ofwat – the economic regulator of those companies and services– we’re pushing them to do more.
That is why we started our £200 million innovation fund to grow water companies’ capacity to innovate, enabling them to better meet the evolving needs of customers, society and the environment. But we can’t work alone. We need everyone’s #WaterBrightIdea to improve life through water. And that includes you!
You can find out more about our fund and innovation competitions on our website: waterinnovation.challenges.org
Why we need your views
We’re already seeing the difference the competitions can make, with over 100 organisations involved in the competitions over the past 12 months, a wide variety of innovation projects coming forward and unprecedented levels of collaboration between water companies, and with other partners in the supply chain, academia, and those outside of the sector.
We want to build on these early successes by designing future rounds of competitions to be even more inclusive and offer opportunities to anyone who has a #WaterBrightIdea that could transform the sector. We have £120m to award to the best innovative ideas during 2022-25 and want to hear from you if you have any comments on how we should design our future competitions.
Access the consultation in two ways:
You can access a quick read version of our consultation at: https://ofwat.shorthandstories.com/ofwat-innovation-fund-consultation-approach-for-2022-25/index.html
Or access the full version at: