Water firms turn on taps with £2.7bn investment pledge

The UK’s water companies will pour a total of £2.7bn into environmental improvements over the next five years, it was announced this morning.

On top of £1.9bn of pre-planned spending, sector regulator Ofwat has this morning approved an extra £793m of investment.

The watchdog said that the additional spending would “allow water companies to take extra action on the most pressing environmental issues”.

It comes just days after a report from the Environment Agency revealed that two of the country’s biggest water suppliers were “consistently unacceptable” when it came to environmental performance.

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