Thames Water creditors to vote on emergency £2.4bn loan as cash runs low

Summary

Creditors of the debt-laden utility Thames Water are set to vote on Thursday on whether to increase a funding facility to £5.4bn, which would keep the company operating until autumn 2027. The creditor consortium is called London & Valley Water, and the proposal involves an emergency £2.4bn loan as the company's cash runs low. Campaigners say the new funds would raise household bills, estimating an extra £40 per household in interest alone, but the company denies this.

Timeline

1. The Guardian

   29 Oct 2026, 05:00 UTCSource ↗

   Reports that creditors of Thames Water are poised to vote on granting an emergency £2.4bn loan as cash runs low, with the London & Valley Water consortium voting Thursday on raising the facility to £5.4bn, and campaigners warning of an extra £40 per household in interest, which the company denies.