The previous Govt's fund was a welcome intervention, but it was populated only by fines levied from Apr'22 to Oct'23, with more recent penalties set to disappear off to Treasury. A more formally established fund is vital to secure sustained finance for improving our waters.
The Water Restoration Fund was set up so that when water companies break the rules, fines automatically pay for nature restoration.
Regulators must be tougher & fines should pay for nature, not disappear into Treasury funds. The bill should put the Restoration Fund in law.