PRESS RELEASE

Date: 11 July 2023
Fund Britain’s Waterways warns against the government’s latest Canal & River Trust funding offer
After months of waiting for DEFRA to announce its decision on future grant funding for the Canal & River Trust (CRT), and less than a fortnight after the launch of Fund Britain’s Waterways (FBW), the Secretary of State has now confirmed that the Government plans at least to continue providing grant funding to CRT beyond March 2027 when the current grant comes to an end. Whilst this is welcomed, FBW members including Association of Waterways Cruising Clubs are deeply concerned that the Secretary of State has only gone as far to offer “over £400m” for the ten-year period from April 2027 which marks a further dramatic cut1. According to CRT it will equate to at least a 40% reduction of funding in real terms compared to recent levels2. The current funding, which has been fixed at £52.6m per annum since 2021, is already failing to keep up with inflation and the physical toll that more frequent severe weather is having on the waterways’ infrastructure.
DEFRA’s offer is simply not enough to avert the decline of CRT’s network, particularly given the charity already faces a deficit of £12 -15m. The grant it receives from DEFRA makes up almost a quarter of its income and is critical in helping it lever in other sources of income and fund its essential maintenance programme. As Richard Parry, Chief Executive of CRT, has said3 the proposed funding cuts from 2027/2028 will have a potentially “devastating impact”.
FBW is campaigning to ensure that beyond this Parliament there will be sufficient grant funding to retain the huge environmental, economic and social benefits that Britain’s inland waterways provide. That includes the 2,000 miles of waterways managed by CRT which alone contribute £6.1bn per year in economic and social value4. It is why, as part of FBW’s broader campaign, it will continue to work with CRT and others to encourage the Government to rethink this week’s funding announcement.
Les Etheridge, Chair of FBW, said: “The Government must take heed of CRT’s warnings. Otherwise, these proposed cuts will result in the closure of waterways, harming businesses and placing communities at risk as the condition of CRT’s waterways inevitably deteriorates.”
Notes to Editors:
1. DEFRA’s Written Statement is available to view at: https://questions-statements.parliament.uk/written-statements/detail/2023-07-10/hcws924
2. CRT media release Government funding cuts put future of nation’s historic canals at risk | Canal & River Trust (canalrivertrust.org.uk)
3. Ibid
4. “Valuing Our Waterways” (November 2022) published by CRT / Simetrica-Jacobs, with all methodology aligning with 2022 HM Treasury Green Book valuation techniques https://canalrivertrust.org.uk/about-us/valuing-our-waterways
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 over 40 members representing hundreds of thousands of users and supporters of inland waterways.
Contact: For further information contact info@fundbritainswaterways.org.uk