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ABI responds to Owen Patterson comments on flooding

The ABI is calling for sustained investment in UK flood defences following Secretary of State for Environment, Food and Rural Affairs, Owen Paterson's comments on the Government's spending commitments.

In his speech at the Conservative party conference, Paterson said:

"Our continued investment in flood defences is also benefiting the economy and the environment.  Over the course of this Parliament we will be spending £2.3 billion on protecting households and businesses against flooding.  In practical terms, this will see 165,000 properties better protected in 2015 than they were in 2010.

"This summer's Spending Round saw Defra secure a long-term commitment to invest in flood defences at record levels.  This commitment will help us reduce the risk of flooding to at least 300,000 households between April 2015 and March 2021."

Nick Starling, the ABI‘s Director of General Insurance, said:

"We welcome the Government’s promise to increase capital spending on flood defences. It is important that this is sustained beyond the next election, whoever is in Government.

"The industry and the Government have worked hard to agree the framework for Flood Re, which can safeguard affordable flood insurance. We are pleased that all the main political parties recognise that the industry’s Flood Re model is the way forward, and cross party support for it must continue.

"The challenge now is to turn the outline deal into reality."

Last updated 01/07/2016