How does 20% of Southern Water’s income get passed to their funders?
The backdoor route through which Southern Water are paying their funders was exposed by Councillor Roger Bird, an accountant and Fareham Borough Councillor, at an event in Waterlooville in January 2026 hosted by Suella Braverman. The Fareham MP made her objection to the effluent recycling plan clear. Southern Water own a subsidiary company called “SW Finance I PLC” which they pay 20% of their income too, paying off ‘interest’ on a bond. Income that was primarily raised through customers paying our water bills. For every £5 of income, £1 is paid to Bondholders. That’s the best part of £300 million pounds a year in interest.
To read more about Councillor Bird’s findings click the image below:
