Water Breakthrough Challenge 4: Transform Stream
£2m - £10m
The Transform Stream aims to spark ambitious innovation and enable new approaches and ways of working, equipping the water sector to address the big challenges facing the sector, driving far-reaching and long-lasting benefits to customers, society and the environment across England and Wales now and into the future.
In this round, approximately £30 million is available for entries seeking funding between £2 million and £10 million. Subject to certain conditions, Ofwat is open to accepting entries bidding for greater than £10 million.
Ofwat is seeking truly innovative entries and encourages water companies to adopt an open risk appetite within their Fund entries, supported by strong risk management with a clear plan to share data and learning, regardless of the outcome.
Ofwat particularly encourages entries that involve partnerships and collaboration between water companies, including NAVs, as well as with organisations in the water sector supply chain and beyond.
Entries will be reviewed against the following assessment categories:
The lead entrant to Breakthrough 4 must be one of the licensed regional water only and water and wastewater companies or new entrant water and wastewater companies (NAVs) in England and Wales.
A maximum of 90% of each entry’s financial costs will be provided by funding from Breakthrough 4. Entry partners must provide the remaining 10% of the entry’s total financial costs as a mandatory 10% financial contribution.
Entrants will also need to prepare: