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The Guardian - UK
The Guardian - UK
Business
Anna Isaac

Thames Water to do fewer improvement projects under lenders’ new rescue plan

A Thames Water sewage treatment works in north-east London
A Thames Water sewage treatment works at Deephams in north-east London. The company serves about 16 million customers. Photograph: Neil Hall/EPA

Thames Water customers are set to get less bang for their buck if a consortium of creditors wins approval for its rescue plan.

The development was revealed in the outline of a business plan – without some key spending details – published on Wednesday by the investors who hold much of the company’s debts. The consortium is called London & Valley Water.

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