United Utilities Group, a London-listed water company, has announced plans to invest £13.7 billion ($16.7 billion) in its waste and wastewater infrastructure between 2025 and 2030. This significant investment aims to drive regulatory capital value growth at a rate of 8.7% per year.
The company's recently submitted business plan for the five-year period will support a total of 30,000 jobs in the North West of England, including 7,000 new positions.
Funding for the plan will come from a combination of equity and debt sources, ensuring the necessary resources are available for its successful implementation.
United Utilities Group's Chief Executive, Louise Beardmore, expressed confidence in the plan's ability to deliver long-term solutions. The company aims to secure water supplies for the future, reduce the frequency of hosepipe bans, minimize storm overflow spills into rivers and seas, and upgrade its water network to improve customer experience by reducing leakage and service interruptions.