Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps his Department plans to take to (a) clean up water ways in a timely manner and (b) encourage companies to invest in waterways to improve infrastructure in the water industry.
Ofwat on 11th July proposed allowing a spending package of £88bn by water companies. This investment will deliver upgrades of 1500 wastewater treatment works, improvement of thousands of storm overflows and investment in improving bathing waters.
The Secretary of State and I also secured agreement that funding for vital infrastructure investment is ringfenced and can only be spent on upgrades benefiting customers and the environment. Ofwat will also ensure that when money for investment is not spent, companies refund customers, with money never allowed to be diverted for bonuses, dividends or salary increases.
The Water (Special Measures) Bill will strengthen regulation, giving the water regulator new powers to ban the payment of bonuses if environmental standards are not met and increase accountability for water executives.