Thames Water secures £750mn commitment from investors

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Thames Water has secured a £750mn investment commitment from shareholders over the next 18 months but the troubled UK water company has warned it will need a further £2.5bn by 2030.

Article originally published by The Financial Times. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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10 Jul 2023

The equity injection is conditional on Thames Water, which is being closely monitored by the government in case it collapses, making a new business plan. It is in addition to £500mn invested in the company in March.

“This further funding is subject to satisfaction of certain conditions,” the company said in a stock market announcement on Monday morning.

“This includes the preparation of a business plan that underpins a more focused turnround that delivers . . . performance improvements for customers, the environment and other stakeholders over the next three years,” it added.

Thames Water provides water and sewage services for 15mn customers in London and surrounding areas and is under pressure to increase investment and improve services following a public outcry over sewage overflows and leaks.

Fears about the company’s finances erupted last month