A Bill to establish a new model of company structure for Thames Water, to be called a public benefit corporation; to require that public benefit corporation to consider public policy benefits, including reducing leaks and sewage dumping, as well as returns for shareholders; to limit the payment of dividends until a plan is in place to cut the corporation’s debt; and to require membership of the corporation’s board to include representatives of local environment groups.
House of Commons
Tim FarronLiberal Democrat
2 November 2023
May contain errors — check source documents for definitive information.
This Bill would create a new model for Thames Water as a public benefit corporation. It requires the company to consider public policy benefits—such as reducing leaks and preventing sewage dumping—alongside returns for shareholders, limit dividend payments until a debt-reduction plan is in place, and ensure the board includes representatives of local environment groups.
The bill is currently at the first reading stage in the House of Commons; next steps would involve committee scrutiny and further readings.
Generated 21 February 2026
29 Jun 2023
The 2022-2023 session of Parliament has prorogued and this Bill will make no further progress.
No recorded votes for this bill yet.
