Ofwat to double Innovation Fund as it eyes schemes with other sectors

Ofwat has announced plans to double the size of its Innovation Fund to £400 million. The regulator is seeking feedback on its plans for increased innovation between 2025 and 2030. It includes proposals to ringfence £40 million for cross-sector schemes which look to tackle shared problems such as climate change resilience, net zero, supporting customers, and the environment.

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