Ofwat to accelerate water investment projects in the UK
It wants to bring forward 31 schemes from the latter part of the decade to begin in 2023 or 2024.
This will release an extra £500 million (€574 million) spending in the 2023-25 period and over £1.6 billion (€1.84 billion) by 2030.
Early approval of the schemes will help the English water companies to gear up for a larger investment programme over the coming years and will help deliver benefits for customers and the environment sooner.
Last autumn Ofwat and Defra invited companies to propose schemes to accelerate investment in water resilience (supply and demand); storm overflows and nutrient neutrality.
David Black, chief executive of Ofwat, said: “Substantial investment is needed to address the challenges to our water system of storm overflows, river and bathing water quality and drought resilience.
“We are pleased that we’ve been able to work with companies and identify significant investments, which companies can start well before the next price control period.
“This will bring substantial benefits for customers and the environment and bring them faster. We want to see companies making more rapid progress in delivering improvements, and will hold them to account if they fall short.”
Water Minister Rebecca Pow said: “These new schemes will help accelerate the delivery of the urgent improvements we need to protect our environment.”