Flooding Interventions

Lord Roborough Excerpts

Tuesday 6th January 2026 Lords Chamber

[Baroness Hayman of Ullock (Lab)]

The noble Lord is right that Flood Re was set up for a certain period of time. I am doing this from memory, and I shall tell the House if I am wrong, but I think it was due to run through to 2036.

We are looking at possible alternative arrangements. Clearly, the last thing we want to do is take away households’ ability to have insurance. We do not want to go back to how it used to be—people being completely uninsurable or having excess limits of, say, £10,000. That is not the future we see for insurance. The noble Lord is right that it has been set up as an intermediate system, and we are looking at ways to move forward.

[Lord Roborough (Con)]

My Lords, the Environmental Audit Committee’s fourth report on flood resilience in England in October 2025 highlighted that Defra’s flood budget is increasingly a thin blue line protecting the nation’s transport, energy, housing and utilities from escalating flood impacts, yet it remains siloed, with no cross-government accountability for measurable outcomes or value for money. Will the Minister clarify what work the department is doing beyond using standard HM Treasury guidance to ensure value for money in flood investments?

[Baroness Hayman of Ullock (Lab)]

As I mentioned earlier, we have invested a record amount of money in addressing flooding. We have also reviewed the way funding is applied and how communities, businesses and so on can apply for it. The new programme we have set up has four metrics, and if I briefly go through those, it will help to answer the noble Lord’s question.

There are two outcome metrics and two output metrics. The first outcome metric is around economic benefits. It captures all the damage that has been avoided to properties, infrastructure, agriculture and a range of other areas, as well as the positive economic benefits of such things as natural flood management, which we are very keen to invest in. The second is around the risk to properties. The Environment Agency is developing a way of reporting on the reduction in flood risk due to the investments made through the national flood and coastal investment programme. I think that is due to report in April.

The first output metric is around how properties benefit from the new investment. That is made up of three parts: whether it is large reductions in, small reductions in, or prevented increases in any size of flood risk. The last metric is around asset condition, which initially remains the percentage of Environment Agency high-consequence assets at target condition. So we have a whole new system of managing exactly those outcomes and investments.