We believe that the adoption of innovative approaches is key to delivering long-term resilience and great customer service at an affordable price. The sector faces unprecedented pressures in the shape of climate change and population growth, and will need to step up to make sure it can continue to deliver reliable, resilient and safe water that is affordable for all. We also want to see companies work more effectively together, and with their supply chain, to better tackle these challenges.
In July 2019, we consulted on a set of proposals designed to drive transformational innovation in the water sector.
In December 2019, we published our final decision, following the consultation. We explained our decision to make up to £200m available for innovation for the period 2020-2025.
During May and June 2020, we are consulting on outstanding policy issues, exploring options for the detailed design and implementation of the innovation funding and competition.
We recognise that these are challenging times for all, and our priority is to support and challenge the water sector in ensuring all customers receive reliable water and waste water services. The current COVID-19 pandemic reinforces the important role innovation can play in addressing global challenges. With that in mind, we are still aiming to launch the first round of the innovation competition in winter 2020, so as to start delivering the intended benefits for consumers and the sector as soon as possible.
Ofwat’s innovation fund for the future webinar – 10 June 2020
You can watch also watch the video on YouTube.
The Q&A will be published soon.