Severn Trent (GB:SVT) has released an update.
Severn Trent’s PR24 Business Plan for 2025-2030 has been rated ‘Outstanding’ by Ofwat, securing a £93 million financial reward and various protections, including a 50-50 cost share on base expenditure. The plan outlines an ambitious performance level for the upcoming period, with a significant £4.3 billion investment increase over the previous period, aiming for a strong real RCV growth of 24%. Additionally, all 13 of the company’s enhancement business cases have been approved, paving the way for continued investment in essential water infrastructure projects.
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