Fund Britain’s Waterways representation to the Autumn Budget 2024
Published: 16 September 2024
Fund Britain’s Waterways (FBW) has responded to an HM Treasury Stakeholder Survey requesting representations to the Autumn Budget 2024 and/or the Spending Review.
FBW’s aim in responding is to reinforce the widely acknowledged benefits that our inland waterways provide, to explain the need for increased government funding, and to request an urgent and comprehensive review of inland waterway funding.
FBW recognises the poor state of the country’s financial position. Yet to fund our inland waterways properly would cost a small (in government terms) investment measured in millions not billions of pounds. In return the country will continue to obtain billions of pounds of benefits for health, economic and environmental benefits, much of the benefits in less well-off areas.
Government spending needs to be carefully targeted to achieve best value. The return achieved from a small additional investment in waterways makes it money exceedingly well spent.
We are already seeing the waterways deteriorating and businesses suffering. If underinvestment continues this will become worse until a tipping point is reached and waterways have to be closed, wasting the benefits as well as the millions of hours of volunteer time and millions of pounds of public money that have gone into the current network.
FBW has therefore requested that:
1. the importance of our inland waterways as a unique national asset and part of the national infrastructure are recognised
2. the deterioration in condition that is already happening is acknowledged
3. a comprehensive review of government funding for all our inland waterways should be carried out as a matter of urgency, with the aim of defining a sustainable funding solution which will enable the current benefits of our canals and rivers to be maintained and enhanced for future generations.
Les Etheridge, Chair of FBW said “FBW welcomes the opportunity to make a representation to HM Treasury. Without urgent action the inland waterway network will be in serious jeopardy. If the condition of waterways continues to deteriorate, waterways will ultimately have to be closed, businesses will be harmed and communities placed at risk.”
ENDS
Notes to the Editor
About Fund Britain’s Waterways (FBW)
FBW brings together a wide range of organisations with the sole purpose of campaigning collectively for an increase in government funding of Britain’s inland waterways to avert their decline, and to promote awareness of the huge economic, environmental and social well-being value they provide. Established in June 2023, it already has more than 130 member organisations representing hundreds of thousands of users and supporters of inland waterways, and has secured over 50,000 signatures on its public petition.
Founding members of the Fund Britain’s Waterways campaign include:
The Association of Waterways Cruising Clubs
British Marine
The Inland Waterways Association
The National Association of Boat Owners
The Royal Yachting Association
For further information about Fund Britain’s Waterways, email info@fundbritainswaterways.org.uk
References
The benefits of Britain’s inland waterways are documented in:
1. The latest British Marine Economic Benefits report (April 2024)
2. ‘Waterways for Today’ report published by the Inland Waterways Association (November 2022)
3. ‘Valuing Our Waterways’ report published by the Canal & River Trust with social value experts Simetrica-Jacobs (November 2022)
4. Read the full submission here.
