Government earmarks ￡2.3bn funding for flood risk management

摘要

The government is to spend ￡2.3bn over the next six years on more than 1,400 flood and coastal erosion projects, the Treasury has announced. The projects to be allocated funding, including the Thames Estuary (￡196M) and the Humber Estuary (￡80M), will reduce current risk levels in England by 5% by 2021. The funding, which the government said will help avoid more than ￡30bn in economic damages, will reduce flood risk for 300,000-plus households, on top of the 230,000 homes already protected since 2010. According to the Environment Agency (EA), more than five million properties in England are at risk of flooding and in excess of 200 homes could be lost due to coastal erosion.