(1 day, 12 hours ago)
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I congratulate the hon. Member for North Norfolk (Steff Aquarone) on securing this debate. Next door in Suffolk we share the same coast and many of the same problems, being so low-lying. I am sad to say that in Lowestoft we are not adequately protected against severe flooding such as we experienced, to devastating effect, in 2013. Prior to the installation of flood wall protection measures last year, Lowestoft was the only coastal town without any formal tidal flood defences, and we remain very much at risk.
We had a flood barrier project ready to go, one that would have protected 1,500 residential properties and 800 businesses and was an excellent example of partnership bidding. However, East Suffolk council was forced to abandon those plans earlier this year because the Conservative Government had delayed and delayed a funding decision for so long that it was no longer possible to continue. They avoided paying £100 million to complete a project that would have protected our town for 100 years and seen a return of £700 million a year in gross value added. The previous Government ran out the clock on the scheme and kicked the can down the road, as they did with so much else. With Lowestoft due a flood on the scale of 2013 every 20 years, residents are rightly worried. Resurrecting that scheme immediately is sadly not possible, but I am determined that we find a viable way forward.
Without our flood barrier, the advanced plans we have for the regeneration of the area around Lake Lothing are jeopardised, hugely increasing costs for the redevelopment of the former JELD-WEN factory site, which would help us to meet the Government’s ambitious house building targets by adding up to 500 homes. However, the growth benefits of flooding protection measures are not reflected in how our flooding funding formula works. The formula as it exists now effectively protects wealthier areas and leaves poorer areas such as ours to fend for themselves. As such, it essentially bakes in inequality.
I would be grateful if the Minister could look into a review of the current flooding funding formula. We need to factor in the potential for growth, for unlocking house building and for industrial progress when it comes to allocating funds. If we are able to do that, not only can we save what we already have, but we can build for a better future.