Latest news with #EastOfEngland
Yahoo
15 hours ago
- Business
- Yahoo
Anglian Water agrees to £62.8m redress package after Ofwat wastewater probe
Anglian Water has agreed to a pay £62.8m funded by shareholders after an Ofwat wastewater investigation. The water watchdog has announced the redress package - now subject to consultation - which will fund environmental and community initiatives across the East of England. The package was proposed by Anglian Water in response to Ofwat's industry-wide investigation into wastewater treatment works and networks. SIGN UP HERE FOR YOUR DAILY BUSINESS BULLETIN Last week, a report by Sir Jon Cunliffe set out how water companies should be regulated following public outrage at the state of the industry and multiple sewage spill issues. The sum proposed by Anglian Water will be entirely funded by its shareholders rather than customers, it said. More: Major new £55m business development by A14 'will bring jobs and growth' It includes a new £5.8m Community Fund to support local environmental and social courses. It will be ringfenced for causes in the Anglian region. Local communities and organisations will be able to apply for grants with priority given to environmental causes and those near Anglian Water storm overflows and capital investment works. The larger sum - £57m - will be used to tackle more complex issues in eight-plus "high priority" catchments with specific challenges. More: New £78m nature charity plans to make Suffolk 'most ecologically diverse' area This will include installing sustainable drainage solutions (SuDS) to combat drainage and flooding issues, upgrading community-owned assets that contribute to flooding, and other local initiatives. The company also said it would accelerate planned investment to reduce spills at high-risk sites with new storage, removing surface water and misconnections and optimising the existing network. A longer term action plan will also be implemented to ensure spills from storm overflows are minimised and assets are compliant with legal requirements. The work will be in addition to its £11bn business plan for the next five years, in which £1bn will be targeted at driving storm overflows to low levels, and £1.7bn to improve maintenance and performance of water recycling systems. "The scale of the redress package is chiefly reflective of Anglian Water's turnover rather than an indicator of severity of issues and seeks to achieve a better outcome for customers and the environment," the company said. More: Suffolk Building Society 'sorry' to see joint agency with insurance broker close Anglian Water chief executive Mark Thurston said:'We understand the need to rebuild trust with customers and that aspects of our performance need to improve to do that. "Reducing pollutions and spills is our number one operational focus, and we have both the investment and the partners in place to deliver on those promises as part of our £11bn business plan over the next five years. "In the meantime, we have proposed this redress package, recognising the need to invest in the communities and environments most impacted. 'It will take time and investment to achieve a significant reduction in spills, but we are making good progress. "By 2030 we have allocated a dedicated £1bn for measures such as storm tanks, upgraded monitoring, nature-based solutions like wetlands, and sustainable drainage solutions to halve the number of spills." But he added that it would "take time" to upgrade the vast network of assets it manages. "We have hundreds of treatment works, more than 100,000 kilometres of pipes and sewers underground, many hundreds of water storage points and storm tanks – all of these need to be part of a significant capital programme to maintain and renew what is there. "This is what will be set out in our plans - to ensure we can make the improvements that are best for the environment and delivers on our promises to customers.' The enforcement package is subject to consultation which will be open for the public and key stakeholders to offer any final comments before Ofwat's final decision.
BBC News
4 days ago
- Entertainment
- BBC News
East of England news quiz of the week 19 -25 July
From popular auction items to inspirational youngsters, how much East of England news can you remember from the past seven days?
Globe and Mail
22-07-2025
- Business
- Globe and Mail
La Caisse commits to invest in Sizewell C, a critical asset for economic growth and energy security in the UK
MONTRÉAL and LONDON , July 22, 2025 /CNW/ - Quebec based global investment group, La Caisse (formerly CDPQ), today announces its commitment to invest up to £1.7 billion ( CAD 3.2 billion ) in Sizewell C, a 3.2GW nuclear power station located in the East of England . The investment, which represents a 20% stake in the project, will leverage La Caisse's proven track record in delivering large scale infrastructure projects globally and support the UK's transition to clean power and progress to net zero. Once complete, Sizewell C will provide over 60 years of clean, reliable power to the UK grid, helping to boost the UK's economy, strengthen energy security and help reduce reliance on hydrocarbon sources, avoiding 9 million tonnes of carbon emissions annually. The investment will be made alongside the UK Government, experienced operator EDF, British multinational energy and services company Centrica and investment partner Amber Infrastructure. The project is structured under the UK Government's Regulated Asset Base (RAB) model which helps fund large-scale projects by offering predictability to investors while ensuring value for consumers over the long term. "Our commitment to invest in Sizewell C reflects La Caisse's constructive capital approach, working to deliver optimal financial performance for our clients alongside broader economic and societal progress. La Caisse has a strong track record of bringing private sector expertise alongside governments and industrial players to invest in complex, regulated infrastructure where value-for-money for consumers is key. Sizewell C is a positive development for UK consumers, as it is expected to provide long-term reliable baseload power and low carbon energy to more than 6 million homes across the UK, while contributing to the creation of 10,000 new jobs at peak construction and thousands more in the nationwide supply chain. We're proud to support the UK Government in delivering this landmark project, advancing the country's energy security and economic growth ambitions. Our investment demonstrates our confidence in the UK market – our largest destination outside North America – and aligns with our commitment to the energy transition and decarbonization, enabled by our long-term capital and active ownership," said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse. "It is time to do big things and build big projects in this country again – and today we announce an investment that will provide clean, homegrown power to millions of homes for generations to come. This government is making the investment needed to deliver a new golden age of nuclear, so we can end delays and free us from the ravages of the global fossil fuel markets to bring bills down for good," said Secretary of State for Energy Security and Net Zero, Ed Miliband. "We're delighted to welcome La Caisse's investment in Sizewell C. Their decision to take a 20% stake in the project reflects growing international backing for UK nuclear and confidence in Sizewell C. As one of the world's leading institutional investors, La Caisse brings significant experience in sustainable infrastructure and in delivering projects that drive economic growth and long-term value creation. Their involvement reinforces our strong financial base and supports our mission to create tens of thousands of high-quality jobs and 1500 apprenticeships across the country. Sizewell C will boost energy security, cut carbon, and drive regional and national growth for decades to come, and we're proud to have La Caisse on board as part of that journey," said Julia Pyke and Nigel Cann , Joint Managing Directors of Sizewell C. La Caisse is the world's second largest institutional infrastructure investor, currently manages over £20 billion in UK investments and has significant experience in delivering projects that drive economic growth and positive change. La Caisse intends to invest around £8 billion in the UK over the next five years, increasing its asset allocation to the British market by nearly 50 percent. La Caisse has acted as a partner of trust and choice to the UK Government and its business partners for many years and has brought benefits to millions of UK consumers through investments in Eurostar, Heathrow Airport, First Hydro Company and London Array, an offshore wind farm generating 630MW of electricity, enough to power 500,000 UK homes. La Caisse is also deeply committed to sustainable investing and investments supporting climate action. The firm has recently committed to have nearly £220 billion ( CAD 400 billion ) invested globally by the end of the decade in companies committed to decarbonising their operations as well as in climate solutions. These investments align with La Caisse's commitment to its clients: delivering long-term value while managing risk responsibly. ABOUT LA CAISSE At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private credit. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. For more information
BBC News
19-07-2025
- Entertainment
- BBC News
East of England news quiz of the week 12 -18 July
From going to prom with a police officer to Harry Potter TV show building plans, how much East of England news can you remember from the past seven days?
Telegraph
18-07-2025
- Health
- Telegraph
Fake Botox ‘poisoning cosmetic patients'
Thirty-eight people in the UK have been poisoned by fake Botox since last month, officials have revealed. Victims experienced difficulties with breathing and swallowing, as well as slurred speech, after suffering from botulism, a rare and life-threatening condition. The UK Healthcare Security Agency (UKHSA) issued a warning over the cases in the East of England and the East Midlands, following a spate of similar poisonings in the North East. To date, 38 cases of 'iatrogenic botulism' have been reported between 4 June and 14 July. The UKSHA said it was warning people to be aware of the symptoms after victims needed NHS care after suffering from adverse reactions. Evidence so far suggests that an 'unlicensed Botox-like product' had been used, the agency said. The practitioners involved have stopped offering the injections and are co-operating with an ongoing investigation, the UKSHA said. Officials said there were no known links between the newly diagnosed cases and those in the North East. Symptoms can take four weeks to develop The UKHSA has urged members of the public to make sure they take precautions when seeking aesthetic procedures, including checking if the product being used is licensed. Dr Gauri Godbole, a consultant medical microbiologist at the UKHSA, said: 'Botulism related to aesthetic procedures is rare, but it can be serious. It is caused by toxins produced by the bacterium Clostridium botulinum. These toxins (but not the bacteria) are the active ingredient in 'Botox' and similar products. 'Symptoms of botulism can take up to four weeks to develop, and if you have had a recent botulinum toxin (Botox-like) treatment and are having symptoms such as difficulty swallowing or breathing, contact NHS 111 for further advice and seek treatment.'
