SWW and flood defences are winners in Spending Review
South West Water will have extra funding available for the 2015-16 financial year to help reduce customer bills as part of Chancellor George Osborne's Spending Review, announced today (June 26, 2013).
The Government is increasing the company's funding to £40M in 2015-16 to enable them it to continue to reduce its customers’ annual bills by £50. Water bills in the South-west are significantly higher than the national average, and the funding will ensure household bills remain affordable and fair.
The Chancellor also announced that the Department for Environment, Food and Rural Affairs (Defra) will have its budget slashed by 10% for the 2015-16 financial year. However, he pledged the government's commitment to flood defences, saying there will be public investment.
Speaking in the House of Commons, the Chancellor said: "The Department for Environment and Rural Affairs will see a 10% reduction but we will set out plans for a major commitment to new flood defences for the rest of this decade."
The Government will set out shortly how more than £100B will be invested over the next Parliament in transport, science, schools, housing, broadband and flood defences. It said the public investment in existing flood protection and new schemes will support the insurance industry to maintain available and affordable flood cover for households.
There will also be the necessary capital investment to strengthen flood defences.
- South West Water to use remote controlled mowers South West Water have invested in three remote controlled grass mowers, which will allow for the better health and safety... Read More >
- South West Water in beach information partnership A new partnership has been formed to promote safe enjoyment of the South West's beaches and bathing waters. Read More >
- MPs call for corporation tax change to Water Bill MPs are to push for a clampdown on water companies failing to pay corporation tax by seeking an amendment to the... Read More >
- Changing the way water utilities think George Hesmondhalgh, managing consultant at Capgemini, says companies need to stop viewing legislation as an obligation... Read More >
- The price of water As part of our Utility of the Future campaign, Robin Hackett looks at whether low water bills can be maintained long term Read More >
- Scottish Water starts planning for the long term For SR21, Scottish Water is moving away from the traditional approach to business plans and developing a blueprint for the... Read More >
- Football teams and water companies: Closer than you think New season, new league, new challenges... Egremont Group's Owen Quinn and Alex Graham on the parallels between football... Read More >
- Abstract concept: How can water companies reduce abstraction? Despite concerns over supplies, water companies face pressure to reduce abstraction. As part of our Utility of the Future... Read More >