Finance
British Waterways was funded through a mixture of commercial activities, government grants and grants and donations from charitable bodies. In 2010/11, BW raised over £103.6 million from their commercial activities, including waterways licensing, received £58.9 million from a government grant, issued via the Department for Environment, Food and Rural Affairs, and gained a further £14 million through third party contributions. However, operating revenue for the company was at a deficit of £3.7 million, a result of a large cut of 16 per cent in the government grant given to BW, and through the continuing programme of renovation and works costing £92.1 million.
British Waterways owned a large canalside property portfolio which made a considerable contribution to the funding of the waterway network. This amounted to £130m in the five years prior to 2008. As of 2008, a HM Treasury team was reviewing the management of this portfolio in terms of public sector savings and efficiencies. Another source of revenue contemplated by BW in October 2008 was the installation of 50 wind turbines on waterside land, generating around 100 megawatts.
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