Policy paper

Flood and coastal resilience partnership funding

Defra policy statement on an outcome-focused, partnership approach to funding flood and coastal erosion risk management.

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Document

Flood and coastal resilience partnership funding

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Details

This policy statement sets out the arrangements that will apply for the allocation of capital Flood Defence Grant-in-Aid (FDGiA) to flood and coastal erosion risk management projects from now until the end of the 2012/13 financial year. This should be treated as a transition period, with arrangements for 2013/14 and beyond to be finalised based on the lessons of the coming months. The new approach applies in England only, as flood and coastal erosion risk management is a devolved matter.

Flood and Coastal Resilience Partnership Funding will form part of Environment Agency’s overall capital allocation to grant fund flood and coastal erosion risk management projects in the 2012/13, 2013/14 and 2014/15 financial years. All projects supported by partnership funding will need to meet the criteria set out here, and as a minimum in every case, demonstrate that in present value terms the expected whole-life benefits exceed the whole-life costs of the scheme.

Published 1 April 2013