Flood Defences

Lord Watts Excerpts

Thursday 1st December 2016 Lords Chamber

[Lord Gardiner of Kimble]

My Lords, it would be fair to explain that £2.5 billion—a six-year capital flood programme allocated to DEFRA to 2021—is the route to protect more than 300,000 homes, 205 miles of railway and 340 miles of roads. This is the way that we will overwhelmingly ensure that more of not only our urban but our rural areas are better protected. Included in that programme will be £1.5 billion of benefits for agriculture. However, I will bear in mind what my noble friend said and will write to her.

[Lord Watts (Lab)]

My Lords, will the Minister resist any suggestion that the insurance companies should make a contribution for flooding, bearing in mind that any contribution made would lead to higher premiums in areas that already have higher premiums than those affected by flooding?

[Lord Gardiner of Kimble]

My Lords, I understand what the Lord said. The whole purpose of Flood Re is precisely to give householders—53,000 home insurance policies are now backed by Flood Re—the benefit of affordable insurance, but I am grateful to the noble Lord for his comments.