New Portsmouth Water reservoir set to drive multi-million pound growth across South East England

An Economic Impacts Study, commissioned by Portsmouth Water and carried out by the University of Birmingham, estimates that during the construction phase alone, the project will contribute over £50 million to the South East economy. This is including the creation of 84 new construction jobs, providing key employment opportunities for the local community.

The project is also set to generate between 15 and 20 apprenticeships, helping to train the next generation of skilled workers in the sector. The scheme’s two main contractors, Future Water MJJV Ltd and Ward & Burke Construction Limited, are also holding a range of career events and offering on-site training, which will provide nationally recognised qualifications to local workers.

Since investing in the business in 2018, Ancala has worked closely with Portsmouth Water’s management team to enable the project, providing more than £150m in upfront financing and helping to secure relevant planning permissions.

Bob Taylor, Chief Executive Officer of Portsmouth Water, said:

“As well as playing a fundamental role in protecting two of our region’s precious chalk rivers, Havant Thicket Reservoir is set to drive major economic growth across the South East.

“During construction alone, the project is expected to generate more than £50m and create over 80 new construction jobs, with further benefits extending well after the reservoir’s completion. As a company with a strong history of supporting our local communities, we are incredibly proud to be leaving this vital legacy for our area.”

The economic benefits of Havant Thicket Reservoir are set to continue long after it is complete. Once operational, the reservoir is expected to contribute over £2m per year to the local economy. This is largely due to the development of recreational facilities on-site which are set to be worth a total of £1.3m annually, including the attraction of 98,000 new trips per year.

The reservoir will also attract visitors to its off-site environmental projects, generating a further 5,000 new trips annually.

The Economic Impacts Study, which utilized the University of Exeter’s Outdoor Recreation Valuation (ORVal) tool, highlighted the importance of the reservoir’s recreational and environmental contributions.

The reservoir itself is being constructed by Future Water MJJV Ltd – a joint venture between leading civil engineering contractors Mackley and Jones Bros. Civil Engineering UK, which have a combined total of over 150 years of experience in tackling complex and challenging civil engineering schemes.

The associated pipelines which will be used to fill the reservoir with water and draw it down when needed will be installed by Ward & Burke Construction Limited, one of Ireland’s principal Civil & MEICA Engineering contractors with an outstanding track record for innovation.

For more information about Havant Thicket Reservoir, visit https://havant-thicket-reservoir.uk.engagementhq.com/

You can find more information on how Ancala has enabled the project, here.