The multimillion pound AquaFund grant has five key objectives:
– Reduce current UK water consumption by 250 million tonnes a year
– Provide funding for a range of managed services
– Provide funding for the installation of state-of-the-art water saving equipment
– Deliver sustainable water supplies
– Take 170,000 people out of water poverty in the world’s poorest countries
A pan-European wide search was conducted to find the optimum grant funding source for the UK-led initiative, to ensure best value and maximum savings could be obtained for the public sector. Prior to the launch, the grant model was extensively tested over three years in the NHS, university and local government sectors and exceeded the projected financial and environmental objectives.
The AquaFund Grant pays for all equipment and the managed services necessary to deliver substantial water and cost savings, over a five-year period, without the need for any investment from participating organisations.
Private sector organisations can also apply for grants through AquaFund. Grants can range from £150,000-£600,000, and most organisations can see water and cost reductions within just 12 weeks, according to ADSM.