More than 1,000 flood schemes to benefit from record investment - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 29, 2021 Newswires
Share
Share
Post
Email

More than 1,000 flood schemes to benefit from record investment

PR Newswire Policy

LONDON, 27 July 2021 /PRNewswire Policy/ --

Over 860m pounds to be invested in flood alleviation schemes this year with further action including improvements to flood insurance

Thousands more homes and businesses are to be better protected from flooding and coastal erosion, as part of plans published today by the Government outlining a record 5.2 billion pounds of investment over the next six years. More than 860 million pounds will be spent in 2021-22 boosting design and construction of more than 1,000 schemes across England as part of the Environment Agency's annual capital programme.

It is all part of the Flood and Coastal Erosion Investment Plan, published today (Thursday, 29 July), which sets out how new flood and coastal schemes will better protect 336,000 properties by 2027, helping to avoid 32 billion pounds in wider economic damages and reducing the national flood risk by up to 11 per cent. This follows the Environment Agency's successful delivery of the government's previous 2.6 billion pounds investment between 2015 and 2021, better protecting more than 314,000 homes.

The funding will be accompanied by a consultation in the autumn, where the Government will look at how to better protect frequently flooded communities, following a call for evidence earlier this year. It will consider how to strengthen the assessment of local circumstances, such as where areas have flooded on multiple occasions, when allocating funding during the six-year plan.

The Government will bring in tighter guidance for planning authorities as part of a package of actions to better protect and prepare communities for flooding. Householders will benefit from changes to the Flood Re Scheme that will allow insurers to pay an additional amount for the installation of property flood resilience measures after a flood - like air brick covers, flood doors and flood resistant plasterboard. Measures to tackle the risks from surface water flooding are also included in the plans.

Environment Secretary George Eustice said:

"The tragic recent events in Germany and Belgium serve as a sobering reminder of how devastating flooding can be.

"We are standing by communities and will bolster defences against flooding across England with many thousands more properties better protected by 2027.

"It's important we take action right across the system. Our comprehensive plan will achieve this by tightening planning procedures, helping more people access insurance and making homes more resilient to the effects of flooding."

This year will see an extra 250 million pounds spent on flood and coastal defences in 2021/22 compared with last year - the highest ever annual investment. It includes an extra 40 million pounds compared with last year for schemes in Yorkshire and the Humber, a region that has suffered from repeated flooding in recent years, and an extra 53 million pounds for the north west, the region which was hit hardest by Storm Christoph this winter.

Emma Howard Boyd, Chair of the Environment Agency, said:

"We have seen some devastating flooding around the world so far this summer. No one can prevent all flooding and climate change means the risk is increasing, but we can reduce the risks.

"Having completed the government's previous six year capital programme on time and on budget, better protecting more than 314,000 homes from flooding and coastal erosion, this year we began the government's new 5.2 billion pounds flood programme.

"These schemes should provide reassurance to communities and businesses, but no one should have a false sense of security. I strongly urge people to sign up for flood warnings and regularly check flood risk on GOV.UK."

On planning, a recent review of decisions by Defra, the Ministry of Housing, Communities and Local Government (MHCLG) and the Environment Agency found over 97 per cent of planning decisions for residential properties were made in line with Environment Agency (EA) advice in the year 2019/20. However, 866 homes were granted planning permission contrary to EA advice.

New guidance for local planning authorities, designed to drive up compliance with planning rules, will reaffirm that they must refer planning decisions to Ministers when the Environment Agency is sustaining an objection on flood risk. Under the plans, the Government will also consider how planning decisions in areas at risk from surface water flooding could be subject to the equivalent rules in future.

Communities Secretary Robert Jenrick MP said:

"Flooding has a devastating impact on people's lives and that's why we're strengthening our guidance to ensure the measures are in place to protect our homes and businesses from the risk of flooding.

"Our planning reforms will ensure that communities across the country know that future developments will be safe from floods.

"This new guidance will help local communities become more flood resilient by providing local authorities with the right tools to consider how flood risk can be prevented when planning for new homes."

Today's announcement includes a raft of improvements to Flood Re, the UK-wide scheme which helps homes at risk of flood secure insurance cover. This will allow insurers to help flooded households to make their homes more resilient to future flooding using products such as air brick covers, flood doors and flood resistant plasterboard - and benefit from discounted insurance premiums if they have these installed.

The Government has committed to publish a Property Flood Resilience Roadmap by the end of next year which will further accelerate take-up of property flood resilience measures by identifying action needed from industry and government. The changes follow a government consultation and an Independent Review of Flood Insurance, led by Amanda Blanc, the response to which the Government has also published today.

Andy Bord, Chief Executive Officer of Flood Re, said:

"Flood Re is successfully delivering on its objective to provide access to affordable insurance for the hundreds of thousands of homes at high risk of flooding in the UK, with 94 per cent of people with prior flood claims now able to obtain quotes from five or more insurers – compared with zero just six years ago.

"But there is still work to be done. Today's announcement puts Flood Re and insurers in a position to accelerate the delivery of our Build Back Better proposals and benefit more households. Achieving flood resilience requires action from a wide set of stakeholders, so we also welcome the planned publication of the PFR roadmap to provide direction and clarity."

Other action taken includes the Environment Agency working with local authorities to provide better surface water flood risk mapping by summer 2022, which will offer crucial information to an additional 3.3 million people and 1.4 million properties at most risk.

The report published today updates on progress from the Surface Water Management Action Plan and the independent review of surface water responsibilities led by David Jenkins. Together these move us forward in tackling the most widespread form of flooding in England, including strengthening local flood plans and encouraging greater joint working between councils, water companies and other bodies.

SOURCE UK Department for Environment, Food & Rural Affairs

Older

American Academy of Actuaries: Committee/Subcommittee Comments to CMS on Payment Parameters Proposed Rule

Advisor News

  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
More Advisor News

Annuity News

  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
  • Corebridge annuity sales slip ahead of Equitable marriage
More Annuity News

Health/Employee Benefits News

  • UB students research cancer at Roswell Park. But they struggle to afford health insurance
  • Meet the UB cancer research students pushing for affordable health insurance | Video
  • Arkansas officials confident people on Medicaid expansion will retain health coverage
  • Florida lost 450,000 ACA enrollees in 2026 as premiums rose an average of 37% nationally, new data shows
  • Sand says he’d undo Iowa’s private Medicaid management on Day 1
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Americans without children are less confident about retirement, Allianz finds
  • The conversation almost no advisor is having yet
  • DELAWARE INSURANCE DEPARTMENT DETAILS REVIEW OF BRIGHTHOUSE ACQUISITION
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • Court losses bring Greg Lindberg fraud victims closer to restitution
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet