Smart City Dispatch · Daily Signal · Smart Cities
Connexin secures up to £35 million for UK smart-water network rollout
Smart City Dispatch ·
Summary
Connexin announced a financing package of up to £35 million to support continued rollout of its LoRaWAN smart-water metering network across the UK. The package combines facilities from Santander UK and funds managed by PATRIZIA, including a revolving trade facility and an accordion facility.
Detailed Explanation
Status: Funding announced. Connexin said on 15 October 2026 that it had secured a package of up to £35 million for continued UK rollout of its LoRaWAN network for smart water metering. The reported components are a £10 million Santander UK facility, a £5 million revolving trade facility, £10 million from funds managed by PATRIZIA and a £10 million accordion facility.
What Changed: The financing adds capital for Connexin’s existing network expansion; the excerpt does not establish that the full amount has been drawn or that new meters have been installed as a result. Kurrant reports that the network connected almost 250,000 smart water meters in August 2025, citing earlier coverage, and identifies water companies with which Connexin says it works. Those figures and relationships are not new deployment outcomes from this financing announcement.
Why It Matters: If the facilities are drawn and converted into network investment, they could help Connexin extend connectivity for water-company metering programmes. The ultimate reach and use of the network will depend on equipment deployment and customer orders; the excerpt also describes competing LoRaWAN providers in some overlapping markets.
What to Watch: Whether Connexin draws the accordion facility or reports other borrowing under the package; and whether the company or water customers disclose new gateway installations, meter connections or contract awards attributable to the financing.
What changed
Connexin announced up to £35 million in financing for continued rollout of its UK LoRaWAN smart-water metering network. The reported package includes £10 million from Santander UK, a £5 million revolving trade facility, £10 million from PATRIZIA-managed funds and a £10 million accordion facility.
Why it matters
If the financing is drawn and invested, it could support network expansion for water-company metering programmes. The funding announcement alone does not establish new installations, and eventual coverage will depend on customer orders and deployment amid competition from other network providers.
What to watch
- Whether Connexin draws the accordion facility or reports other borrowing under the package.
- Whether Connexin or water-company customers disclose new gateway installations, connected meters or contract awards attributable to the financing.