Ofwat, the Water Services Regulation Authority for England and Wales, have established the Water Innovation Fund. Ofwat are a non-ministerial government department established in 1989 when the water and sewerage industry in England and Wales was privatised. Ofwat regulate the water sector in England and Wales.
In November 2020, Ofwat appointed Nesta, supported by Arup and Isle Utilities as the delivery partner for the Fund. You can read more about this announcement in a press notice on the Ofwat website.
Nesta is an innovation foundation. Within Nesta, Nesta Challenges uses challenge prizes to stimulate innovative solutions to some of the biggest challenges we face. Challenge prizes are a simple but powerful idea. A problem or opportunity is identified, the challenge is publicised, and rewards are offered to those who can deliver the best solutions.
Arup is an independent professional services firm of designers, planners, engineers, architects, consultants and technical specialists.
Isle is a technology and innovation consultancy.