Flood Insurance: Reform of Flood Re

Rachael Maskell Excerpts

Wednesday 1st July 2026 Commons Chamber

[Emma Hardy]

I recognise how difficult it is when people cannot afford insurance. There are no current plans to look at homes built after 2009, but of course the Government always keep everything under review.

[Rachael Maskell (York Central) (Lab/Co-op)]

The Government have invested £45 million in flood defences in York. That will provide resilience until 2039, which coincides with the ending of the Flood Re scheme. It is important for us to think about how, in the longer term, we will support people with that risk-sharing approach. Will the Minister also consider and consult on the position of leaseholders, who are excluded from the scheme although they have responsibility and pay the costs for their own personal buildings?

[Emma Hardy]

I thank my hon. Friend for recognising the money that we are investing in York, not least owing to the formidable campaigning that she has undertaken for a long time, and also for identifying the need to look at the longer term. Of course Flood Re will continue to look at eligibility to ensure that it is acting according to the principles on which it was set up, to ensure that there is affordable insurance for all who need it.