News & blog

£500M European Loan for United Utilities

North West water giant United Utilities has secured a £500m loan from the European Investment Bank to finance improvements to the region’s water and wastewater networks.

The 18-year loan forms part of the company’s £3.5bn capital investment programme for the 2015 to 2020 regulatory period.

Jonathan Taylor, European Investment Bank vice president, said: “The European Investment Bank has provided £2.25bn over the last 12 years to support investment by United Utilities that benefits customers, the environment and the North West regional economy.

“We are pleased to continue this strong engagement with United Utilities that will ensure that water infrastructure can cope with the region’s growing population and business sector, help customers to save money and ensure services are maintained during dry spells or heavy rain. Read More