Flood Insurance: Reform of Flood Re

Julia Buckley Excerpts

Wednesday 1st July 2026 Commons Chamber

[Emma Hardy]

The hon. Lady raises an important point, and I absolutely recognise the impact that flooding has on businesses. Through the floods resilience taskforce, we have been looking at the various grants that are available. As she will know, that sits within the Ministry of Housing, Communities and Local Government, but conversations are happening across Departments.

[Julia Buckley (Shrewsbury) (Lab)]

In Shrewsbury, we regularly suffer flooding along the River Severn and Rea brook, so I really welcome today’s announcement. The measures proposed reflect the common-sense and long-term solutions that my colleagues and I set out in the Environmental Audit Committee’s report on flooding resilience. We gave feedback from residents and businesses that insurance is not just unaffordable but, in some places, impossible to get. We requested that funding be prioritised for prevention, preparedness, mitigation and adaptation, rather than simply paid out each time floods hit, so it is so welcome to hear today that the long-term approach is that we will have flood performance certificates and Build Back Better, which will provide extra money not just to repair people’s homes post flooding, but to make them resilient against future floods. That is a much more effective use of public money, and provides longer-term support. It is great news for my residents, but what advice can I give to a business that has the same postcode and the same flood risk as others, but which is being quoted £40,000 for flood insurance?

[Emma Hardy]

I recognise the work that my hon. Friend has done on this issue through the Environmental Audit Committee. Although businesses are not eligible for Flood Re, the record amount of money that we are putting into flood defences should help to make flood insurance more affordable right across the country. Exactly as she says, building resilience and preparedness is what makes a difference, as well as insurance companies paying out every time there is a flood. We need to make our country more resilient, and that is a huge focus of the work I am doing.