Coastal Erosion: Insurance

(asked on 27th January 2025) - View Source

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 introduce a re-insurance scheme for properties at risk due to coastal erosion.


Answered by
Emma Hardy Portrait
Emma Hardy
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 30th January 2025

The £36 million coastal transition accelerator programme is supporting communities and businesses at risk of coastal erosion to transition and adapt to a changing coast.

This includes working with the finance and property sectors to explore innovative finance or funding mechanisms to help move communities away from rapidly eroding areas, for instance schemes to incentivise the relocation of at-risk infrastructure for businesses and homeowners.

The Environment Agency administers the Coastal Erosion Assistance Grant on behalf of Defra. The grant provides £6,000 per property to assist local authorities with the demolition and removal costs associated with homes at imminent risk from coastal erosion.

There are currently no plans to extend the scope of the Flood Re scheme, however Defra regularly reviews all policies, including eligibility for Flood Re.

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