Water White Paper

Lisa Smart Excerpts

Wednesday 21st January 2026 Commons Chamber

[Emma Reynolds]

I would like to see longer-term investors, such as pension funds—I am a former Pensions Minister—being more attracted to invest in the water system. We need a more stable, long-term regulatory approach to get more of those investors involved. I met the Maple Eight when I was in Toronto last year, and there is great interest in investing in our water system, but we have to get the regulatory system right first.

[Lisa Smart (Hazel Grove) (LD)]

I am lucky enough to represent the constituency of Hazel Grove, which includes the junction of the Macclesfield and Peak Forest canals. My constituents value our canals because they are green veins throughout our area and a link to our industrial heritage, but they are concerned about the sustainability of funding for our canal network, given what has happened recently with the breach at Whitchurch and a few years ago at the Toddbrook reservoir. The Secretary of State will know the role of the Canal and River Trust when it comes to water management; it looks after 74 reservoirs nationally. She will also know that the ownership model means it cannot pass on the uplift in costs to customers in the way that water companies do. Could the Secretary of State meet me to talk about the funding given to CRT to ensure that our canal network is sustainable for the future, and that we treat it as the asset it is and not a liability to be managed?

[Emma Reynolds]

I know Whitchurch quite well—I grew up not too far away. The Water Minister or I will happily meet the hon. Member to discuss that matter.