UK to invest over £860M in flood alleviation schemes
Thousands more homes and businesses are to be better protected from flooding and coastal erosion, as part of plans published today by the Government outlining a record £5.2 billion of investment over the next six years.
More than £860 million will be spent in 2021-22 boosting design and construction of more than 1,000 schemes across England as part of the Environment Agency’s annual capital programme.
It is all part of the Flood and Coastal Erosion Investment Plan, published today (Thursday, 29 July), which sets out how new flood and coastal schemes will better protect 336,000 properties by 2027, helping to avoid £32 billion in wider economic damages and reducing the national flood risk by up to 11 per cent.
This follows the Environment Agency’s successful delivery of the government’s previous £2.6 billion investment between 2015 and 2021, better protecting more than 314,000 homes.
According to the EA, this year will see an extra £250 million spent on flood and coastal defences in 2021/22 compared with last year – the highest ever annual investment.
It includes an extra £40 million compared with last year for schemes in Yorkshire and the Humber, a region that has suffered from repeated flooding in recent years, and an extra £53 million for the north west, the region which was hit hardest by Storm Christoph this winter.