Innovation in Water Challenge Settlement agreement

Innovation in Water Challenge settlement agreement

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21st April, 2021

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Ofwat established a £200 million Innovation Fund to help the England and Wales water sector to grow its capacity to innovate and enable it to better meet the evolving needs of customers, society and the environment. The fund is made up of two competitions - which will run a number of times up to 2025. We announced the winners of the first round of the first competition - the Innovation in Water Challenge - on 21 April 2021. This document sets out the payments between water companies to pay the funds awarded through the first Innovation in Water Challenge