'Water companies now need to rise to this challenge': Ofwat approves record £104bn upgrade plan

James Murray
clock • 5 min read
'Water companies now need to rise to this challenge': Ofwat approves record £104bn upgrade plan

Confirmation average bills are to rise 36 per cent sparks anger, but industry insists increases are essential for tackling sewage pollution

Investment in upgrading the UK's creaking water infrastructure is set to quadruple over the next five years, after Ofwat today approved a new £104bn investment plan to run through to 2030. The regulator...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Global Briefing: Mexico completes record sustainable bond issuance

Global Briefing: Mexico completes record sustainable bond issuance

Mexico builds on its green bond momentum, China reports fall in fossil fuel generation, and the last Czech deep coal mine is to close

James Murray
clock 23 January 2026 • 5 min read
Drax inks £42m deal to acquire Flexitricity

Drax inks £42m deal to acquire Flexitricity

Acquisition set to bolster energy giant's position in the fast-growing energy storage and flexible grid sectors

clock 21 January 2026 • 2 min read
British International Investment backs new $1bn development fund

British International Investment backs new $1bn development fund

Development finance agency to act as anchor for new Allianz Credit Emerging Markets fund, which promises to back wave of renewables, clean transport, and agriculture projects

James Murray
clock 20 January 2026 • 3 min read