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Guernsey Water repays £1.2million of capital grants

Guernsey Water repays £1.2million of capital grants

Tuesday 09 November 2021

Guernsey Water repays £1.2million of capital grants

Guernsey Water has repaid its shareholder, the States, a further £1.2million of capital grants previously received from government.

The States provided the funds in 2012 when Guernsey Water merged with States' wastewater services. In the past two years, the utility has repaid £2.5million of States' grants despite facing significant challenges caused by Brexit and the covid-19 pandemic.

“The pandemic was the biggest challenge we faced in 2020,” said Steve Langlois, Managing Director of Guernsey Water, in the utility's latest annual report. 

“A huge amount of work goes on behind the tap and the sink to provide these services and we are continually investing in the infrastructure we need for both today and the future.

“We are always striving to do this as efficiently as possible, so our customers get value for their money; despite the challenges 2020 was no exception.”

You can read Guernsey Water's annual report ONLINE.

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