In the Budget, we announced £5.2 billion for a new six-year flood defence capital investment programme starting in 2021, which will protect 336,000 properties from flooding. Some £120 million has already been announced to repair flood defences which were damaged last winter, along with £39 million to repair the Environment Agency’s network of water supply and water navigation assets, to ensure that waterways remain open and navigable while contributing to flood and drought mitigation. In the longer term, we will set out policies to tackle flooding, and the Environment Agency will be publishing its updated flood and coastal erosion risk management strategy. The Government, as noble Lords will know, are committed to investing in flood-risk management, which continues to play a key role in improving protection for those affected. Since 2015, we have invested £2.6 billion, protecting 200,000 homes with over 600 flood defence schemes.
Is it not clear that matters to do with planning go much deeper now than previously? Some families have been flooded three times in the current year. We know that climate change is coming and getting worse. As someone who sat for a new town in the other place, is it not time for a much stricter review of planning for housing anywhere near any of these rivers or dams, and should we not concentrate our resources much more on garden cities and garden towns to provide decent homes for our people?
My noble friend will be aware from questions I have previously answered at the Dispatch Box that building on flood plains is already banned in certain categories, but the Government are taking a number of measures to encourage new natural flood management schemes. Our current policy is that all options should be assessed for measures to manage flood risk. There are 40 government flood defence programmes that include these new measures, and the Government expect this to increase. We have announced a £640 million investment in the nature for climate fund, which will invest in the natural environment by planting trees to cover an area the size of Birmingham, restoring peatlands, and providing more funding to protect the UK’s unique plants and animals. The Government continue to develop the new environmental land management scheme—a £3 billion scheme that will be the cornerstone of Defra’s new agricultural policy. This will enable farmers and other land managers to enter into agreements to be paid for delivering a range of public goods, as set out in the 25-year plan. Much of this will be involved in the reduction of and protection from environmental hazards such as flooding and drought.
As I said in a previous answer, the Competition and Markets Authority report updating its investigation into the extent of mis-selling and onerous lease terms will address this issue—maybe not the profit motive but the consequences of past actions. I note that in an action of Cardiff Council v Persimmon, Persimmon was forced to give 55 properties sold as leasehold on the St Edeyrns estate back to freeholders in an out-of-court settlement, so they were given their leaseholds as freeholds for nothing. We would like to see more of this happening. Regrettably, it was settled out of court before it became a court case so we cannot use that settlement as a legal precedent.
We recognise that the Government are taking action on a number of aspects, but there remains the problem of couples who have bought—particularly in the north and Midlands—and want to move home but find that their property is totally unsaleable. The noble Lord who raised this Question is absolutely right to do so. Will my noble friend have a closer look at this? We cannot have a situation where young couples buy what they think is a home and are stuck there unable to move.
I agree with my noble friend. That is why we are working closely with the Law Commission and the CMA to inform future legislation. This has become a particular problem in the north of England. In answer to that question and that of the noble Lord, Lord Foulkes, I say that what is most disappointing is the governance of the housebuilders that have been escalating these charges. The non-executive directors of these companies should have taken a longer, harder look at their policies.