NI Water has reiterated the necessity of full funding to protect public health, enhance the environment and underpin economic growth with the launch of its Annual Integrated Report for 2022/23.

Launching the report, Ronan Larkin, Director of Finance Regulation and Commercial warned that the current approach to funding NI Water is undermining the delivery of vital services, commenting:

"NI Water has returned a strong performance across its key outputs, it continues with the investment programmes set out in the price control and is looking ahead to address the challenges posed by the climate emergency and biodiversity crisis.

“It’s clear to us all just how vital it is to protect the natural resources we all depend upon. To do this, we must invest in our vital water and wastewater infrastructure. The need for increased investment is recognised across the water sector in UK and Ireland.

“Delivery of our essential services is dependent on committing to the full funding of Northern Ireland’s water and sewerage infrastructure. The ‘out of sight, out of mind’ adage is no longer an acceptable approach to adopt. Provision of clean, safe drinking water and adequate 21st century drainage that meets customer need must be front and centre of all funding decisions and discussions going forward.”

NI Water has now completed the second year of its six-year PC21 Business Plan (2021-27), which sets out the step change in investment required to address the most critical needs and enable Northern Ireland to thrive from its water and sewerage infrastructure.

The plan also sets out the performance improvements the company is committing to deliver for customers and how it is continuing to drive efficiency and innovation.

Key initiatives highlighted in the report include:

• NI Water is focussed on building a carbon neutral and climate resilient business. The company has committed to delivering a net zero, climate resilient future - its Climate Change Strategy was published in May 2023 and sets out how the company can harness what it describes as “the huge and largely unseen potential” for NI Water to address climate change.
• Several of the approaches the utility is taking will benefit society and economy more broadly as it seeks to decarbonise and exploit the benefits of green growth. through a just transition. NI Water has challenged itself to go further and faster than the net zero 2050 targets set by law.
• NI Water has committed to achieve net zero for the energy it uses by 2030 and net zero for all its emissions by 2040, as measured against its2020/21 adjusted baseline.
• The company will also play a strategically important role in helping society to decarbonise by planting one million trees; building more renewables on its land; kick-starting the hydrogen economy; and providing sources of warmth for district heating schemes.
• Boosting biodiversity and partnering with stakeholders to help restore the natural environment by rewetting degraded peatbogs, planting trees and using nature-based infrastructure solutions.

“Current approach to funding NI Water is undermining the delivery of vital services“

Ronan Larkin continued:

“It is unacceptable for a critical infrastructure provider, with decades-long investment horizons, to be held hostage to in-year and year-by-year funding fluctuations. The long-term security of Northern Ireland’s water and wastewater services can only be realised if we move from a ‘stop-start’ approach to delivery because of underfunding and lack of visibility on funding, to multi-year funding in line with that determined by the independent Utility Regulator, supported by a mechanism to deal with financial shocks.

“We continue to engage with our Government Shareholder and other stakeholders to secure the funding across PC21, supported by financial resilience. The current approach to funding NI Water is undermining the delivery of our vital services.“

Click here to download the full report