The Water Bill (The Bill) has been long awaited. While it is not as ambitious as some may have hoped, the proposals set out in the Bill will have implications for current water and sewerage companies, current and potential licensees and customers. The proposals are at their core intended both to drive efficiency and increase competition, while being mindful of environmental pressures. They will bring the most significant changes to affect the sector since privatisation in the 1980s. While the Bill’s predominant focus is on the water industry, the Bill does also cover wider water/environmental issues such as potential changes to the environmental permitting regime which could have implications for a number of organisations and businesses.