Portsmouth Water’s Havant Thicket Reservoir project is set to drive multi-million-pound growth across the South East.
An economic Impact Study by the University of Birmingham says it should contribute over £50 million to our economy during the construction phase alone.
This includes creating 84 new construction jobs and providing employment opportunities for local people.
Bob Taylor, Chief Executive Officer for 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 £50 million 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.”
Once the reservoir is operational, water bosses say it's expected to contribute over £2 million per year to the local economy. This is mainly due to the number of visitors it will attract and the development of recreational facilities on-site.
The reservoir will also attract visitors to its off-site environmental projects, generating a further 5,000 new trips annually.
For more information about Havant Thicket Reservoir, visit: https://havant-thicket-reservoir.uk.engagementhq.com/
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