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ABI responds to MP statement on investing in flood resilience

Link(s):ABI responds to MP statement on a reformed approach to investing in flood resilience | ABI
Flood and coastal erosion funding reform – GOV.UK
Reforming our approach to floods funding – Defra – Citizen Space Reforming our approach to floods funding – Page 1 of 15 – Defra – Citizen Space
Written statements – Written questions, answers and statements – UK Parliament
Written statements – Written questions, answers and statements – UK Parliament

Context

The ABI, in response to a Department for Environment, Food & Rural Affairs (DEFRA) announcement about a Consultation and Call for Evidence about reforming the Government’s approach to flood and coastal erosion funding, is urging Government to commit to substantial and long-term investment in important infrastructure within its upcoming Spending Review and 10 Year Infrastructure Strategy.

Key points to note and next actions

  • Welcoming the statements issued to the House of Commons and the House of Lords, the ABI has said that adapting and building resilience to the changing climate is essential, noting that flooding is becoming more frequent and extreme.
  • Government wants to ensure funding for flood defences is distributed more effectively across the country – including for rural and coastal communities.
  • The Consultation is proposing to stop using the current outdated funding formula entirely and replace it with a simple two-step process.
  • The new approach for flood resilience investment will be launched in time for the start of our new flood investment programme in April 2026.
  • The Call for Evidence includes two wider areas to consider finding alternative sources of funding for flood and coastal erosion projects, and to explore opportunities for English devolution to support flood resilience, including how to deliver more local choice in flood risk management decisions.