Yorkshire Water announces £386 million investment plan

Despite the increase Yorkshire Water has the second cheapest bills in England and Wales

Yorkshire Water, a UK water supply and treatment utility, has announced that its new increased household bills will be used to fund its planned £386 million investment over the next year.

The announcement of new bills comes as Yorkshire Water plans to spend £386 million this year on improvements as part of its wider £3.8 billion investment programme covering 2015–2020. This will involve upgrading water treatment works, sewers and pumping stations. Investment will also be made to conserve moorland, protect the environment from flooding, and improve rivers.

“The money we receive from customers’ bills is vital to enable us to fund our huge investment programme that will stand at £386 million this year,” said Richard Flint, Chief Executive at Yorkshire Water. “This investment will help us manage and maintain our vast network of water pipes and sewers that the public rely on, whilst continuing to mitigate the impact of weather events such as extreme flooding and storms.”

Water and sewerage bills for Yorkshire Water’s household customers will rise by an average of 2.06 percent, which equates to an annual rise in cost, on average, of £8.

One of the major projects Yorkshire Water have planned this year is in Leeds with a £72 million investment at Knostrop wastewater treatment works to build a sludge treatment and anaerobic digestion facility, which will create renewable energy to power 55 percent of the site’s total energy needs.

Work will continue as part of the £24 million upgrade at Rivelin water treatment works to enhance drinking water quality for hundreds of thousands of residents in the city of Sheffield.

“We do all we can to keep our bills as low as possible whilst still delivering the service our customers want and expect,” added Flint. “Despite the slight increase this year, our water and sewerage bills are still the second cheapest on offer in England and Wales. We’ve also committed £7 million to financially help those who need it most with their bills.”