Economic development

We have an important role in supporting economic development of the countries, regions and communities in which we operate.

This perspective looks at how much of a contribution we have made during 2010/11:

  • Over the past nine years, since the merger with Lattice Group plc, National Grid’s total dividend for the year has increased from £265 million for 2001/02 to £1,275 million for 2010/11, an increase of 381%.
  • Over £3.6 billion (£3.46 billion excluding joint ventures)invested in new assets during 2010/11
  • On target to invest a total of £19 billion in the four years to the end of March 2015
  • 64.1 gigawatts (GW) of generation with signed connection agreements to connect to the UK transmission network by the end of 2020, including 35.8 GW of renewable generation
  • Grain LNG phase III started full commercial operation, the first operating day for all three phases at Grain. The terminal now has 1 million cubic metres of storage capacity and has a capacity of approximately 650 GWh per day
  • In the US, we connected 42,416 new gas heating customers