The ability to attract long-term investment is vital if the water sector is to continue to deliver excellent services and meet future challenges. The next five years will see the biggest changes to the sector since privatisation 25 years ago, with competition in both retail and upstream markets in England.
Alongside this, the sector needs to become more resilient in facing challenges such as increased demand from population growth and the impacts of climate change, while delivering even greater value for money for customers.
Water companies in England and Wales rely on long-term investment from the UK and abroad to help keep customer water bills stable and predictable.
This need for ongoing investment in the water sector and the challenges we face were set out in a speech by Water UK Director of Environment Sarah Mukherjee at the water sector’s City Conference today (4 March).