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100 million from water company fines to be invested in environmental projects
The government has announced that it will invest water company fines into local projects across the country to clean up our rivers, lakes and seas.
Over £100m in fines and penalties collected from water companies since October 2023, as well as future fines and penalties will be reinvested.
Secretary of State Steve Reed said: "We inherited a broken water system with record levels of sewage being pumped into waters.
"But the era of profiting from failure is over. A record 81 criminal investigations have been launched into water companies under this government and Ofwat recently announced the largest fine ever handed to a water company in history.
"This Government will invest money collected through fines into local projects to clean up our rivers, lakes and seas for good."
More information on how this money will be spent will be released in due course.
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