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2. NI Water

  • Chief executive: Sara Venning
  • Pre-tax profit: £102.9m
  • Employment: 1,255
  • Pay bill: £57.75m

NI Water writes that it “exists to provide the water for life we all rely on to thrive”.

Established in April 2007, NI Water describes itself as “one of the most successful examples of a government organisation achieving private sector levels of performance and efficiency, underpinning the health, economy and environment in Northern Ireland”.

To provide a sense of scale, NI Water delivers 570 million litres of clean, safe drinking water to 850,000 households and businesses and recycles 340 million litres of used water from 680,000 households and businesses. Thousands of assets, at a value approaching £3bn, are operated and maintained to provide these services. This includes over 40,000 kilometres of water mains and sewers — one and half times longer than Northern Ireland’s entire road network.

As a government-owned Company which is publicly funded, NI Water has delivered over £2bn of investment, provided record levels of service to customers, record environmental compliance and reduced its day to day annual running costs by 30% or £65m (since 2009/10).

NI Water has just entered the fourth year of an ambitious six year business plan, which the company says “sets out how the company will grow value and trust by being world class”. It adds that analysis by Ulster University Business School indicates that NI Water is benefiting the local economy to the tune of £440m per year. Over a six-year period to 2021, it is estimated that NI Water will pump £2.5bn into the local economy, positioning NI Water as a major contributor to Northern Ireland’s Gross Value Added (GVA).

The services provided by the company are essential for a modern regional economy. NI Water is committed to working with government to secure the necessary medium term funding to underpin delivery of investment in resilient and sustainable services for all customers.

During 2017 it acquired complete ownership of clean water production here after acquiring Kelda Water Services (KWS) holdings in four plants for over £100m. KWS, the owners of Yorkshire Water, disposed of its holdings in treatment points in Antrim, Coleraine, Craigavon and Magherafelt.

NI Water

40 Old Westland Road

Belfast

BT14 6TE

Tel: 08457 440088

www.niwater.com

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