Following the launch on 29 June 2026 of its Twelfth Consent Requests, Thames Water has announced that the requests have been approved - enabling the company to gain access to a further £213.49 million this month.
However, the funds available to the company are further reducing. Thames Water Utilities Ltd has so far drawn £2.037 billion of the £2.25 billion available under the super senior facility entered into with its subsidiary, Thames Water Super Senior Issuer PLC.
As previously announced, TWUL and the Super Senior Issuer have secured commitments of £823 million - the first £750 million tranche of the Accordion plus a shortfall amount of c. £73 million, bringing the total amount which is available and undeferred under the facility to £2.25 billion.
Funding of the New Commitments remains subject to the satisfaction and/or waiver of relevant conditions precedent, some of which have not yet been satisfied and/or waived in full. These include having a Supported Liquidity Extension Update (LUA) by 30 June 2026 in respect of a second restructuring plan RP2 - known the June Release Condition.
Thames Water says it continues to work closely with stakeholders to secure a market-led solution.
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality.
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With the UK government demanding a 50% reduction in storm overflow spills by 2029, the era of reactive management is over. Speaking in the House of Commons on 21 July 2025, then environment secretary Steve Reed said, “This Government will cut water companies’ sewage pollution in half by the end of the decade.”
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
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