The water Company for the North West United Utilities have this morning submitted a total expenditure plan of £13.7 billion to cover the period 2025-30 regulatory period on Monday,
The Company said that it had “options and flexibility” around financing the plan.
The proposals, if accepted, says the Company would be the biggest ever investment in water infrastructure for over 100 years and support 30,000 jobs across the region, including 7,000 new jobs, helping to build a stronger, greener and healthier North West for everyone.
As with other water Companies, the figures will be submitted to Ofwat, the industry regulator, which has a year to review them before giving its approval and determining the level at which bills will be set.
Reports this morning suggest that bills will rise by about £84 a year on average from thier current level of £448 a year from April 2025
From 2025, the company is planning to deliver the best quality tap water by investing in aqueducts to safeguard water supplies for more than 2 million customers and improve water quality for a further 1.4 million. More than 900 kilometres of water mains would be upgraded to reduce leakage and interruptions to supplies and further work to improve resilience would halve the chance of having a hosepipe ban in the future.
River water quality would be improved through projects to reduce spills from storm overflows by more than 60 per cent by 2030. This is the largest proposed programme to reduce storm overflow spills in the UK.
United Utilities says it will continue to work with local authorities to respond to the impacts of climate change and flash flooding, by separating rain water from sewer systems, helping build more resilient communities.
Louise Beardmore, CEO of United Utilities, said: “We’ve been listening to customers and communities right across our region to understand what really matters. What’s clear is that we need to improve services for customers and the environment.
“That’s why we are proposing the largest investment in water and wastewater infrastructure in over 100 years. It’s a hugely ambitious plan, and we’ve engaged with 95,000 people across our five great counties of Cumbria, Lancashire, Merseyside, Greater Manchester and Cheshire, to make sure we get it right, shaping our plans for each county to address the things that they’ve told us matter most.
“Our plan will secure water supplies for the future, halving the need for hosepipe bans, reduce storm overflow spills into our rivers and seas and upgrade our water network to cut leakage and service interruptions for customers.
“This historic investment will deliver a significant boost to the economy of the North West, supporting 30,000 jobs, of which 7,000 are new roles. We will also double our support for those struggling to pay their bills, with more than half a billion pounds of extra help – enabling us to support more than one in six households.
“We are ready to move forward and bring the step change people want to see and we’re already underway after bringing forward £1.2 billion investment earlier this year.”
