Ofwat Innovation Fund Consultation
Ofwat’s proposed competition approach for 2022-25
Ofwat have been operating the innovation fund since January 2021 as a pilot period and are encouraged by the level of interest, collaboration, as well as the quality and types of entries seen to date.
Over the next three years (2022-25), Ofwat have identified some key areas where further evolution of the fund could be beneficial:
- supporting more early-stage ideas through the innovation fund;
- allowing innovators to have greater access to the fund;
- encouraging a wider range of innovations to come forward, including from other sectors;
- reducing barriers to involvement with the fund;
- facilitating new relationships and collaborations across the sector and from other sectors.
For either the Catalyst, Transform or New Competition, Anglian Water are looking to support applications that align with our values and business & customer needs. This support could be helping to write bids, providing funding contributions, supporting with research and giving access to facility and testing support. Once submitted, applications will be reviewed internally by subject matter experts in Anglian Water and the Innovation teams.
For more information, the Innovation fund consultation appendix can be accessed at the bottom of this link.