First round of its innovation fund launching in January
Ofwat has established a £200 million innovation fund to encourage innovations that will transform water and wastewater services in England and Wales.
From 2021 we will be running at least two competitions that water companies and others can enter with their innovations.
- A £2 million ‘Innovation in Water Challenge’ for funding projects up to £250k. We will open this for entries from January 2021.
- A £40 million main competition. This will open for this for entries from April 2021.
We expect to run further competitions each year from 2022 to 2025.
We are currently looking for a partner organisation to help us run the competition.