Water: Small Businesses
The question
To ask the Secretary of State for Science, Innovation and Technology, what funding streams are available for SMEs offering (a) patented and (b) environmentally beneficial technologies in the water sector.
Answered by Kanishka Narayan
There are a number of funding schemes available to innovative companies and SMEs in the water sector. Since 2020, Ofwat’s £600m Innovation Fund has supported 109 projects and facilitated almost 300 collaborations between companies, universities, charities, and other organisations. The Government is also supporting innovation through Ofwat’s £100m Water Efficiency Fund, which seeks to stimulate a reduction in water demand across England and Wales. Furthermore, UKRI runs a range of competitions open to SMEs in the water sector. For example, Innovate UK’s Growth Catalyst supports innovative start-ups, particularly those in the clean energy and climate technology sectors. There are also opportunities for firms developing water innovations within Horizon Europe programmes.
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