Opened the debate
The MP is concerned about the future of the UK's canals and waterways, which run through around half of all constituencies and are a national treasure. He highlights that the Canal & River Trust receives only about a quarter of its funding from the Government, with the grant declining in real terms to over £50 million per year. The trust is facing significant financial challenges as it maintains an aging network of 10,000 individual assets, many dating back 250 years, and deals with growing risks due to climate change. He also points out that half of the trust's planned asset spend is now on reservoir safety.