Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, if his Department will take steps to review its policy on the private ownership model of South West Water.

The Government has no intention to nationalise water companies, including South West Water. Such a process would significantly stall much needed investment, leaving sewage pollution only to get worse.

Nationalising the water industry would put a huge burden on the public purse and would not fix the root of the problem. Shareholders and debt holders would need to be compensated, which could cost over an estimated £90 billion based on Ofwat’s Regulatory Capital Value (RCV) 2024 figures for companies in England and Wales.

This Government has already shown we will take the necessary action with the introduction of our landmark piece of legislation, the Water (Special Measures) Act, and the Independent Water Commission which will make recommendations to ensure we have a sufficiently robust and stable regulatory framework to attract the investment needed to clean up our waterways, speed up infrastructure delivery and restore public confidence in the sector.