In a medium saucepan, bring the water, milk, salt and 1 tbsp butter to a boil.
Gradually sprinkle the polenta into the milk mixture while whisking. Turn the heat to a very low simmer, cover and continue to cook the polenta for 25-35 minutes, until it's thick and fluffy. Stir frequently so it doesn’t stick to the bottom of the pan.
Remove from the heat and add in the remaining butter, grated parmesan and cream. You can add fresh herbs if using if you want it to be more flavourful.
Serve as is or top with your stew of choice. Enjoy!