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The Guardian - UK
The Guardian - UK
Business
Alex Daniel

Yorkshire Water receives fresh funding despite sewage fines and pay row

Yorkshire Water EQT Yorkshire Nicola Shaw Environment
Water flowing down the dam wall at Scar House Reservoir, Yorkshire
Yorkshire Water’s Scar House reservoir. The supplier’s chief executive said the new investment was ‘a great step forward’. Photograph: ESPY Photography/Alamy

A leading European investor will pump fresh funding into Yorkshire Water including helping to cover a £600m loan, despite recent heavy sewage fines and a scandal over executive pay at the utility company.

EQT, a Swedish private equity group, said on Monday it would take a 42% stake in Kelda Holdings, the Jersey-registered parent company of Yorkshire Water, which has 5.7 million customers across Yorkshire and parts of the East Midlands and Lincolnshire.

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