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Business Stream | |
Company type | Subsidiary |
Industry | Water industry |
Founded | December 29, 2005[1] |
Headquarters | Edinburgh, Scotland, UK [1] |
Area served | United Kingdom |
Services | |
Website |
business-stream |
Scottish Water Business Stream Limited, [1] trading as Business Stream, is a water retail business operating in both Scotland and England's competitive non-domestic water markets, with its headquarters in Edinburgh. [2] It also has offices in Glasgow, Worthing and Bradford. The company is a subsidiary of Scottish Water, the publicly owned utility which serves the residential water market across Scotland.
Having previously supplied all of Scotland's properties with water, Scottish Water split its non-domestic arm off to serve the fledgling market. The newly formed company, called Business Stream, acted as the incumbent non-domestic water and waste water supplier for organisations in the country. [3]
In June 2020, Business Stream reported that since the market opened in 2008, it has helped its customers save over £272 million through discounts and water and energy efficiencies. [4]
On 8 December 2011, the Department for Environment, Food and Rural Affairs (DEFRA) published the Water for life market reform proposals, which suggested the introduction of competition to England's non-residential water market.[ citation needed]
Business Stream registered for a licence to compete in the English market, as reported in the Sunday Times in 2009. [5] It has since stated that it has secured contracts with Network Rail, Cancer Research UK, Lloyds Banking Group and the Ministry of Justice. [6] [7] [8] [9]