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UK water technology sector to boost economy by £8•8bn

The UK's share of the global water technology market could be worth £8·8bn by 2030, providing 71,000 jobs and involving around 960 small and medium enterprises (SMEs), suggests a new report published today by the UK Water Research & Innovation Partnership (UKWRIP).

For the first time, a wide-ranging group of water technology experts from research, policy and industry (including the Water Industry Forum) have come together to analyse opportunities in the global water technology market, examine the UK’s relative position in this market and articulate how the UK can improve its performance.

The report “HTech0: Tapping the Potential: A Fresh Vision for UK Water Technology” highlights global opportunities worth over $50bn in the next six years alone. 

But despite successful water privatisation, world class consultants and a reputation for fair dealing, the UK has just 3% share of the global water technology market and lags way behind pioneering countries such as France, the US, Japan and Germany.

To meet the report's 2030 vision of a 10% UK share of the global market, the report proposes four essential steps: a strengthened public-private UK Water Research & Innovation Partnership to provide leadership; a sharper focus on commercial opportunities and customer needs; independent national testing, validation and demonstration facilities and a co-ordinated international marketing strategy.

For more information please see: http://www.ukwrip.org/articles/uk-water-technology-sector-boost-economy-%C2%A388bn-2030

For a copy of the report please see:  http://www.ukwrip.org/publications/htecho-tapping-potential-fresh-vision-uk-water-technology