Flood Re: Finance

(asked on 21st October 2026) - View Source

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

To ask the Secretary of State for Environment, Food and Rural Affairs, what was the total funding allocated to Flood Re.


Answered by
Emma Hardy Portrait
Emma Hardy
Minister of State (Department for Environment, Food and Rural Affairs)
This question was answered on 28th October 2026

Flood Re is funded through a mandatory levy on UK household insurers, currently £160 million per financial year, and fixed premiums paid by insurers when policies are ceded to the scheme. Premiums are set according to the council tax band of the property.

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