UK water projects set to receive £500m EU grant
Posted on: 09/05/2016

UK Water and wastewater projects are set to receive a £500 million grant from the European Investment Bank (EIB). A number of projects are included in the five-year plan, including a £200 million extension to wastewater treatment works in Liverpool.

The largest listed water company, United Utilities, will use the 18-year loan to accommodate improvements across the north west of England. The firm giant currently serves 7 million domestic and 200,000 business customers.

Some of the projects that will be included in the loan includes a proposed pipeline to link West Cumbria to Thirlmere and the rest of the regional water network, an increased sewer capacity in Blackpool, and the provision of water meter to customers.

Russ Houlden, Chief Financial Officer at United Utilities said: “In 2015-20 we are delivering an investment programme of around £3.5 billion for the benefit of customers and the environment and to improve our ability to cope with climate change.

“We aim to do this at the lowest sustainable cost possible in order to keep bills down and this low cost funding from the EIB helps us to give our customers excellent value for the bills they pay.”

The EIB is the world’s largest international public bank and is 16% owned by the UK Government.

To view our latest vacancies, please click here.

Vacancies By Email

Get There First With Vacancies By Email

Get specific job types, tailored to your requirements, sent straight to your inbox as soon as they are available. Register Now »

Latest Vacancies

Structural Engineer Contract | London, London, England | £60.00 Per Hour

We are currently seeking a Structural Engineer to join our client on a 3-4 month contract basis in London.
Read More »

Offshore / Naval / Structural / Installation Engineer Permanent | London, England | £55,000 Per Annum

We have a new opportunity for an Offshore Engineer to join an independent marine and engineering consultancy on a permanent basis in London.
Read More »

Electrical Designer / Project Engineer Contract | London, England | £25.00 Per Hour

We have a new opportunity for an Electrical Project Design Engineer to join our client on a contract basis in London.
Read More »

Tendering Coordinator Permanent | Kingston upon Thames, Surrey, England | £40,000 Per Annum

We have an excellent opportunity for a Tendering Coordinator to join a leading oil & gas company on a permanent basis in Kingston-upon-Thames.
Read More »

Revit MEP Technician Permanent | Kent, England | £36,000 Per Annum

New opportunity for a Revit MEP Technician to join a growing Building Services consultancy on a permanent basis in Kent.
Read More »