Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, if he will make an assessment of the potential merits of extending the Flood Re scheme to businesses.

Flood Re is a joint government and industry flood reinsurance scheme established specifically to help UK households at high risk of flooding to access affordable insurance. As such, it is funded via a levy on UK household insurers.

Business insurance operates differently to household insurance. It is often bespoke, based on the individual nature of the business. It is important to note that there is no evidence of a systemic problem for businesses being able to access flood insurance.