· £13.7 billion total expenditure across 2025-30, driving significant RCV growth at 8.7% per annum, which equates to over 50% nominal across the period
· Boosting the North West economy - our plan will support 30,000 jobs, 7,000 of which are new
· Supporting more customers with affordability schemes worth £525 million, helping more than 1 in 6 customers
· Strong balance sheet - 58% gearing today provides flexibility to finance the full plan with average gearing of 65% over the AMP, based on Ofwat's WACC assumptions, and without assuming new equity
· Plan delivering on what matters to customers, communities and the environment, with the UK's biggest CSO spill reduction plan, safeguarding supplies for over 3 million households and halving the chances of a hosepipe ban in the future
Louise Beardmore, CEO 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, with £13.7 billion planned between 2025 and 2030 to build a stronger, greener and healthier North West for everyone.
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.
https://www.investegate.co.uk/announcem ... te/7789255
Ian (I hold).
