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Home›Business & Finance›Extra £700M Announced for Flood Defenses
Business & Finance

March 20, 2016 · about 10 years ago

Extra £700M Announced for Flood Defenses

The Environment Agency announced recently that the Government is planning to spend an extra £700 million on flood defenses across the country. The announcement comes on top of the £2.3 billion of planned spending up to 2021. In total £150 million of capital spending will build flood defense schemes

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The Environment Agency announced recently that the Government is planning to spend an extra £700 million on flood defenses across the country.

The announcement comes on top of the £2.3 billion of planned spending up to 2021.

In total £150 million of capital spending will build flood defense schemes in areas affected by the December floods which will bring protection to more than 7,400 properties.

This will include:

The government has also committed investing up to £25 million in flood defenses in Carlisle once the Environment Agency has concluded a review of its needs in the city. This brings the total capital commitment by 2021 in Yorkshire to £400 million, with at least £43 million being spent in Cumbria.

The £700 million extra support also includes: a £160 million boost for the maintenance budget, taking it to more than £1 billion in this parliament. This will help protect an extra 20,000 houses by keeping existing defenses operational; and money to fund recommendations from the on-going National Flood Resilience Review.

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