Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, what recent estimates the Environment Agency has made on funding needed for future flood risk mitigation.
The Environment Agency’s Long Term Investment Scenarios for England estimate that an average spend of over £1 billion per year is needed on flood and coastal protection over the next 50 years. Investment at this level will avoid existing flood and coastal erosion risk increasing and illustrates the challenge of managing these risks in the face of climate change.
The estimated investment need refers to all sources of funding and not just central Government investment.