We have a steep lane in our Devon village called Shute Lane. From 1875 to
1943 a drinking fountain stood at the bottom of the hill. Colloquially it is
suggested the lane derives its name from 'Queen a Shute'; a source of water.
Another local theory suggestes that a 'shute' was a strip of land on which
the plough teams on open fields were turned.
I can't refer you to a researched explanation but in Cornwall we have
chutes - springs directed through pipes which gush into troughs or drainage