Severn Trent Plc (LON:SVT) is today hosting a Capital Markets Event to bring to life its PR24 Business Plan for the regulatory period 1 April 2025 to 31 March 2030 (“AMP8”).
Our plan includes £12.9 billion of investment which will deliver benefits for our customers, the environment, the region and our shareholders, underpinned by a £550 million affordability package and strong shareholder support following a successful £1 billion equity raise.
Throughout the day we will share details of our largest ever investment programme, why we have confidence in our ability to deliver it, and the work we’re doing to consolidate our position as the sector leader. This includes:
| · | Over £400 million of accelerated investment, as we further step up our capital run-rate and ready our business for a fast start to AMP8; |
| · | Reimagining capital delivery, by partnering with manufacturing specialists, to create innovative standardised components which will deliver up to £750 million of assets up to 30% faster, driving efficiency and realising benefits sooner; |
| · | Evolution of our in-house design function, with investment in people, systems and data supporting digitalisation strategy, including use of AI and digital twins; |
| · | Implementing a new Customer Relationship Management system, Kraken, to unlock the full benefits of our extensive smart metering programme and deliver a step change in customer service; |
| · | New ODI Centre of Excellence, as we aim to push the frontier on measures that matter most to customers and continue our strong track record of outperformance; |
| · | Zero Spills Hub which supports our commitment to a step-change in reducing spills, and trialling global technology to work towards no spills from storm overflows; and |
| · | Our insourcing and talent strategy, ensuring we have the right skills in house for long term success. |
Critical to successful delivery of our plan is our performance-driven culture, and our Capital Markets Day follows our three day leadership event, which has seen us launch our plan to our 1,000 people leaders. Starting tomorrow, Severn Trent will embark on a CEO-led roadshow to directly engage with our 8,000 people, focused on how we maximise the next 18 months to prepare ourselves fully for a successful AMP8.
Virtual options
For those unable to join us in person today, a video of the event will be published on our website at www.severntrent.com as soon as practicable after the event.
