Pennon shares record investment plans with customers at Plymouth’s state-of-the-art treatment site

02 Oct 2024

Pennon hosted its latest customer engagement meeting at Plymouth’s state-of-the-art water treatment works earlier this month to hear customers’ thoughts and discuss the company’s record investment plans.

The WaterShare+ session was the latest instalment of the quarterly events the company stages across the Greater South West. Each meeting is designed to provide customers with the chance to voice their thoughts on how the company and its water businesses – South West Water, Bournemouth Water and Bristol Water – are run.

Pennon’s unique WaterShare+ scheme offers its customers a stake in the business so they can share in the company’s performance. Nearly 100,000 shares have been issued, with one in 14 customers currently shareholders, and plans to make that one in ten by 2030.

Members of the Pennon leadership team, including CEO, Susan Davy, and Managing Director for Water Services, David Harris, gave updates to customers about the Plymouth area and region-wide investment plans for the future.

Susan Davy, Chief Executive Officer, said: “It’s important that our customers have the chance to talk to us about both our performance and our plans, and I’d like to thank everyone who attended our latest meeting.

“Our customers are set to see record investment in their water services over the next five years and our WaterShare+ scheme makes sure they each have a say in what this investment ultimately looks like.”

As well as the chance to put questions to Pennon’s executives and learn how the water supply in Plymouth is sourced and treated, customers were treated to a tour around Mayflower.

Since 2020, this first of its kind in the world treatment works has been supplying drinking water to the population of Plymouth and some surrounding areas using cutting-edge treatment processes, designed to produce impeccable drinking water and to be more sustainable than a traditional water treatment works.

For more information on WaterShare+ and details about future meetings, visit WaterShare+ | South West Water

Notes to editor

Pennon Group plc is a British environmental infrastructure group listed on the FTSE250 and headquartered in Exeter, Devon. We are the parent company of South West Water, Bristol Water, Bournemouth Water, Isles of Scilly Water, and Sutton and East Surrey (SES) Water.

We also supply businesses and non-households through Pennon Water Services, Water2Business and SES Business Water. Most of Pennon Group’s ultimate owners are ordinary people in the UK, with the vast majority of shareholders including UK pension funds, savings, employees, and charities.

You can find out more about the Mayflower treatment works here: Mayflower | Projects and investments | South West Water